BBBY

Bed Bath & Beyond (BBBY) stock is up 31% at $27.22 in Wednesday's premarket a day after it was disclosed that major investor Ryan Cohen had purchased.

The author makes no representations as to the accuracy, completeness, or suitability of this information. Maximize our actionable content, be part of our community, and chat with our experts. XAUUSD is pressuring the 38.2% retracement of its latest daily advance. The author will not be held responsible for information that is found at the end of links posted on this page. The author has not received compensation for writing this article, other than from FXStreet. It also does not guarantee that this information is of a timely nature. Loop Capital gave the struggling retailer a $1 price target earlier this month, saying that it was headed the way of Sears. Just since July BBBY stock has gone from oversold to overbought on the Relative Strength Index (RSI). FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. This would require an immense short squeeze, possibly the Mother of All Squeezes to borrow a phrase from the AMC apes. So what is the deal with Ryan Cohen? The meme stock is up roughly 300% over the past month despite the fact that many analysts believe the home goods retailer is headed for bankruptcy.

The official market terminology for recent trading in Bed Bath & Beyond is crazy.

](https://www.barrons.com/market-data/indexes/spx) ](https://www.barrons.com/market-data/stocks/bbby) [

Bed Bath & Beyond Inc shares nosedived late in the session on Wednesday from a 45% surge earlier after investor and GameStop Chairman Ryan Cohen filed for a ...

We've seen the same with Chinese meme stocks over the past few weeks," Siddharth Singhai, chief investment officer at New York-based hedge fund Ironhold Capital. The stock had lost more than 60% of its value in June and July. On Wednesday, the shares rose up to $30 and closed down at $23.08. stocks that helped the S&P 500 recoup more than half of the benchmark's losses since its June low. Register now for FREE unlimited access to Reuters.com

BBBY stock has shot up, but GameStop's Ryan Cohen is selling his stake in the meme stock. Is Bed Bath & Beyond stock a buy or sell?

But is Bed Bath & Beyond stock a buy or a sell now? Technically, BBBY stock has been hot, but is greatly extended from moving averages and is now getting a lot of media attention. Bed Bath & Beyond, like most meme stocks, has terrible fundamentals, with a series of losses and fast-declining revenue. The New Jersey-based Bed Bath & Beyond has retail stores across the U.S. But after a meme stock gets moving beyond such areas, the risks are enormous, especially after investors and business media start paying close attention. BBBY stock arguably offered a super-aggressive entry on Monday, as it cleared the 200-day line. Of course, meme stock investors look past a company's weak fundamentals. Cohen's RC Ventures currently owns 11.8% of Bed Bath & Beyond, according to FactSet. Wall Street is projecting a loss of $6.22 per share for the full fiscal year on $6.5 billion in sales. Bed Bath & Beyond stock has been surging again in recent weeks. The activist investor seemed to have taken a specific interest in BBBY earlier this year. Or, by buying those out-of-the-money call options — and disclosing that — Cohen found a way to push up the BBBY stock and options prices before cashing out.

Bed Bath & Beyond Inc., the struggling retailer turned meme-trader darling, skidded as much as 21% in postmarket trading after a top investor suggested he ...

RC is the retailer’s second-largest holder after BlackRock Inc., according to data compiled by Bloomberg, with an 11.8% stake as of April 21. [RC Ventures](/quote/1856624D:US) said in a [filing](https://www.sec.gov/corpfin/form-144-email) Tuesday with the US Securities and Exchange Commission that it might sell as much as 7.78 million shares of Bed Bath & Beyond, along with some call options. [Bed Bath & Beyond Inc.](/quote/BBBY:US), the struggling retailer turned meme-trader darling, skidded as much as 21% in postmarket trading after a top investor suggested he has soured on the stock.

Some stocks are only good for short-term trading, while others are meant to be buy-and-hold investments. There's a lot of hype surrounding Bed Bath & Beyond ...

It's possible, then, that some traders observed Cohen's evident confidence in the meme stock and consequently bought up shares of Bed Bath & Beyond. So, feel free to watch with amazement from the sidelines as the meme-stock frenzy continues in 2022. Also, during the time when Tritton was being removed from his CEO position, Bed Bath & Beyond had just posted dismal first-quarter 2022 fiscal and operational results. After all, these aren't sufficient reasons for retail investors to pour their hard-earned money into Bed Bath & Beyond shares unless it's only for a very short-term trade. Consequently, Bed Bath & Beyond has to prove to the shareholders that it can deliver results during these challenging times. For one thing, if you're looking for Bed Bath & Beyond's trailing 12-month price-to-earnings (P/E) ratio, don't bother. The onset of COVID-19 made it difficult for retail store chains like Bed Bath & Beyond to deliver shareholder value. The influence that meme-stock traders have should never be underestimated. Also, these traders may view the short squeeze as a way to get revenge on short-selling hedge funds. It could be said that a short squeeze of BBBY stock is an expression of the meme-stock traders' hope for a recovery in the economy. Therefore, it's wise to maintain a safe distance and avoid getting caught up in the hype. Bed Bath & Beyond operates a chain of stores offering home products, mainly for bedrooms, bathrooms, and kitchens.

The drama continues for Bed Bath & Beyond (NASDAQ: BBBY) this evening as investors learn of a filing made by Ryan Cohen of RC Ventures LLC.

In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others. The shares, or any fraction of them, may now be sold within the next 90 days in connection with this Form 144 filing. The author has no securities or affiliations related to this organization. The form itself was a required filing by RC Ventures if it wishes to sell stock in the company, following the fund becoming classified as an insider of Bed Bath & Beyond, due to acquiring over a 10% stake in the firm. RC Ventures indicated that it had 9,450,100 shares in total, worth approximately $148.6 million as of August 15. The filing, a Form 144, was made public this afternoon and quickly caught the ire of Twitter and WallStreetBets users alike.