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Why Bed Bath & Beyond Stock Was Surging Again Today

TheMotleyFool

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Why Bed Bath & Beyond Stock Was Surging Again Today: https://g.foolcdn.com/editorial/images/694988/bed-bath-and-beyond.jpg

Shares of Bed Bath & Beyond (NASDAQ: BBBY) were surging as a short squeeze that started on Friday, initiated by traders on Reddit's WallStreetBets forum, carried into a second day.

Today, the stock was up 38.1% as of 10:07 a.m. ET, after gaining 33% on Friday. Over a two-day span, Bed Bath & Beyond stock has nearly doubled.

Meme stocks are back. Many of the stocks that skyrocketed in the original WallStreetBets-led short squeeze in January 2021 are soaring again, including GameStop, AMC Entertainment, Bed Bath & Beyond, and others.

Source Fool.com

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