Bed Bath & Beyond Inc BBBY

This company operates a chain of home goods stores across North America.

Why can’t I buy more of this stock.

The new management have really made a difference in the way to company operates.

This is another MEME stock it seems, price is soaring… Any community members holding any of these?

Early in the year they were closing 200 shops but now posting this :man_shrugging:

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@Big-g hmmm so more to this one that meets the eye… I think I’ll stick with AMC rather than move over to this one…

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I’m not saying it is or isn’t either way :+1: It may be meme or just turned around. Personally I would say the boat was missed but could be wrong big time :stuck_out_tongue_winking_eye: :man_facepalming:

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Found this and they include it as a short squeeze stock :+1:

It quotes

That includes $2.75 billion in unrealized losses for AMC Entertainment Holdings Inc. following the stock’s 95% surge, rising to nearly $4 billion after adding in GameStop Corp. and Bed Bath & Beyond Inc.

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Who’s going to blink first do we think?

I am wondering if the shorters hope the more squeezes at once the more spread the retail are and struggle to cover it. Not sure if it would work but maybe better than one at a time. :man_shrugging:

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Just logged into my PayPal account and found a few £££ so will be adding this to my FT account so I can get some skin in the game for today… I’m so excited…

Definitely not advice but hear they have the largest short position compared to BB and a few other new meme stocks but with the 3 new ranges it could be a winner.

I read the below

So what

Are there catalysts behind these price movements? In a few cases, yes – to an extent. BlackBerry announced this morning that it will participate virtually in investment bank R.W. Baird’s Global Consumer, Technology & Services Conference next Wednesday. But BlackBerry didn’t discuss what new information, if any, it will present there.

Bed Bath & Beyond announced today that it will launch three new private-label brands, part of 10 such brands the store plans to offer. Generally speaking, private-label brands provide superior profit margins to the retailers who sell them and, as such, this is a positive development for the company. But is it positive enough to make the stock worth nearly half-again what it was worth just yesterday? I rather doubt it.

At the same time as these two stocks are rising on rather insignificant news, Express stock is up on no news at all, and Eastman Kodak is rising despite actual bad news, as it prepares to fight an insider trading lawsuit brought by the New York Attorney General’s office.

Now what

I suspect something else might be going on here: the WallStreetBets phenomenon that’s been disrupting markets by sending shares of inferior businesses higher on hopes traders can profit from a short squeeze. BlackBerry and Express have been losing money for six straight quarters, according to data from S&P Global Market Intelligence. Bed Bath & Beyond did have one profitable quarter recently, but only due to tax-loss carryforwards. And Kodak earned only $6 million on its $650 million market cap.

And from that perspective, the suddenly rising prices of BlackBerry, Kodak, Express, and especially Bed Bath & Beyond do make some sense. Of these four companies, the last one has by far the greatest short interest: 31% of all shares outstanding, and 64% of the stock’s float.

Short interest in BlackBerry, Kodak, and Express is less extreme, but still elevated:

  • Express: 7% of shares outstanding and shares floated.
  • BlackBerry: 9% of shares outstanding, and 10% of the float.
  • Kodak: 12% of shares outstanding, and 22% of the float.

Of the four, though, Bed Bath & Beyond is clearly the most attractive target for WallStreetBets traders seeking to create a short squeeze. And for today at least, the strategy seems to be working.

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@Big-g many thanks for the article link, much appreciated

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