Shares of Bed Bath & Beyond jumped on Wednesday as individual investors piled in, extending the stock's rebound from multi-decade lows hit last week and reviving a rally in other meme stocks.
Bed Bath & Beyond said on Tuesday it would lay off more employees to cut costs after reporting a biggerThe struggling U.S. home goods retailer's shares last week hit their lowest since early 1990s after the company announced its intent toShort interest in Bed Bath & Beyond is $82.7 million, or 52.07% of its free float, analytics firm S3 Partners said.
"If bankruptcy is not in BBBY's future, its rallying stock price will force short sellers to rush to the doors to retain some of the mark-to-market profits they earned in 2022," said Ihor Dusaniwsky, managing director of predictive analytics at S3 Partners. Much of the trading interest was concentrated in near-dated options, with contracts expiring on or before Jan. 20 making up about 70% of the volume. In a sign that traders expect the shares to remain highly volatile in coming days, the stock's 30-day implied volatility, a gauge of how much traders expect the stock to swing in the near term, was at 330%, about the highest in at least four years, Trade Alert's data showed.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
STOCK MARKET NEWS: Bed Bath & Beyond latest, JPMorgan CEO Jamie Dimon on economy, Powell speechJPMorgan CEO Jamie Dimon talks about health of the economy, stocks, oil slip and Bed Bath & Beyond announces more store closings. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Leer más »
Bed, Bath & Beyond rebounds in meme-stock rallyShares of Bed, Bath & Beyond Inc rebounded sharply in high volume trading on Monday amid speculation by retail investors that the struggling home goods seller might be a potential acquisition target.
Leer más »
Bed Bath & Beyond reports bigger quarterly loss as bankruptcy threat loomsBed Bath & Beyond Inc on Tuesday reported a quarterly loss of about $393 million after a tough holiday season that it hoped would provide a financial cushion to its months-long cash burn.
Leer más »
Bed Bath & Beyond CEO says troubled retailer considering ‘all strategic alternatives’Just days after Bed Bath & Beyond’s bankruptcy warning, the CEO said that 'multiple paths are being explored'
Leer más »
Bed Bath & Beyond closing 62 stores, holding liquidation salesDon't expect to use a Bed Bath & Beyond 20% coupon at any going-out-of-business sales.
Leer más »
Bed Bath & Beyond to lay off more employees to trim costsBed Bath & Beyond will lay off more employees in an attempt to reduce costs, the company said on Tuesday, a week after announcing it was exploring options including bankruptcy.
Leer más »