Why Reddit Investors Are Buying More of This Stock
Bed Bath & Beyond's (NASDAQ: BBBY) stock price has had quite a remarkable ride this year. The shares started the year under $20 and quickly zoomed to over $50 by the end of January. The stock price currently trades for less than half that, but has had its share of ups and downs in the interim.
Like GameStop (NYSE: GME) and AMC Entertainment (NYSE: AMC), Bed Bath & Beyond has caught the attention of Reddit and other social media users to become a meme stock. Early this month, the company reported some good news, and social-media-savvy investors helped drive the stock price more than 50% higher.
This makes it an opportune time to find out what's going on with the company to see if the stock warrants a higher price and if you should join the buying spree.
Source Fool.com
