NKLA - Is Bed Bath & Beyond Stock Really a Cheap Buy? Here's What the Charts Say
Bed Bath & Beyond (NASDAQ: BBBY) shares have taken a severe beating in 2022. The home goods retailer's stock price stands 91% below the 52-week highs of March and 81% short of its year-ago reading.
Many investors see a great buying opportunity in these low share prices. Bed Bath & Beyond is a popular meme stock with a robust following on social media, and the stock supports a generous amount of daily trading.
Bed Bath & Beyond's average daily trading volume, measured in the total dollar value of the shares changing hands, is comparable to other meme-stock favorites such as electric truck maker Nikola (NASDAQ: NKLA) and crypto-mining specialist Riot Blockchain (NASDAQ: RIOT) .
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Is Bed Bath & Beyond Stock Really a Cheap Buy? Here's What the Charts Say