Bed Bath & Beyond Leads Meme Stocks, But Here's Monday's Big Stock Winner

Wall Street had the Monday blues to start the week, with major market indexes moving lower after a strong advance over the past several weeks. Investors have been pleased with the economic data that has come out lately, but they still have concerns about what the impact of macroeconomic pressures might be on companies in various sectors. Shortly after the open, the Dow Jones Industrial Average (DJINDICES: ^DJI) was down 149 points to 33,612. The S&P 500 (SNPINDEX: ^GSPC) fell 19 points to 4,261, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) gave up 29 points to 13,018.

Meme stocks have led the charge higher in recent weeks, and Bed Bath & Beyond (NASDAQ: BBBY) has been one of the favorites over the past several trading sessions. Its stock rose again on Monday morning, but there's another company that had even better news to justify a larger boost to its stock price. Below, you'll learn more about the meme stock and the biotechnology company that's leaving even Bed Bath & Beyond in the dust this morning.

Shares of Bed Bath & Beyond were up another 15% early Monday, adding to a 22% gain from Friday's trading session. The stock has tripled in just the past two weeks, and individual investors appear to have jumped back on the bandwagon for the home goods retailer.

Continue reading


Source Fool.com