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Why Bed Bath & Beyond Stock Soared Again Today

TheMotleyFool

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Why Bed Bath & Beyond Stock Soared Again Today: https://g.foolcdn.com/editorial/images/698586/home-goods-shopping.jpg

Shares of meme stock Bed Bath and Beyond (NASDAQ: BBBY) were surging again today as rumors swirled ahead of the company's strategic update Wednesday morning.

The stock finished the day up 24.8%.

Bed Bath and Beyond stock has been on a roller-coaster ride over the past month as traders from Reddit's WallStreetBets executed a short squeeze on the retail stock, which had 103% of its float sold short as of a month ago.

Source Fool.com

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