Tesla's on the Rise, but This Nasdaq Meme Stock Is Monday's Big Premarket Winner
The stock market has been on edge since Russia invaded Ukraine, and in addition to the human devastation, the impacts have rippled across the financial markets. Oil prices soared Monday morning above $125 per barrel, and fears about the potential fallout across the globe sent futures contracts on the Nasdaq Composite (NASDAQINDEX: ^IXIC) down 1% in premarket trading as of 7:30 a.m. ET on Monday.
Tesla (NASDAQ: TSLA) has been a hot-button stock for investors for a long time, and shares of the electric vehicle (EV) manufacturer moved modestly higher even in a falling market. But the big premarket winner was Bed Bath & Beyond (NASDAQ: BBBY), as the once-popular meme stock saw some interest from institutional investors that could lead to a big transformation for the home goods retailer.
A Tesla Gigafactory assembly line. Image source: The Motley Fool.
Source Fool.com
