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home / news releases / BBBY - MindMed surge ends as stock flat in Friday trading

BBBY - MindMed surge ends as stock flat in Friday trading

Bed Bath & Beyond Inc.

  • What some thought could have been the start of a meme stock rally for MindMed ( NASDAQ: MNMD ) appears to have ended, just one day after it began.
  • After closing up 36% on Thursday, the psychedelic drug treatment company is flat in Friday morning trading.
  • In Thursday's premarket trading, MindMed ( MNMD ) shares were up more than 70% following a Financial Times article on an American college student who profited handsomely trading in Bed Bath & Beyond ( BBBY ) who said he also built an activist stake in MindMed ( MNMD ).
  • Average daily volume for MindMed is ~6.6M shares. As of 1115a ET, ~56M shares had traded hands.
  • After rising yesterday -- though not as dramatically as MindMed ( MNMD ) -- other companies in the psychedelic drug space are down today: COMPASS Pathways ( CMPS ), atai Life Sciences ( ATAI ), Cybin ( CYBN ), and Seelos Therapeutics ( SEEL ).

For further details see:

MindMed surge ends as stock flat in Friday trading
Stock Information
Company Name: Bed Bath & Beyond Inc.
Stock Symbol: BBBY
Market: NASDAQ
Website: bedandbath.gr
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