BBBY - Why Bed Bath & Beyond Stock Is Skyrocketing Today
2023-04-19 14:42:00 ET
Shares of Bed Bath & Beyond (NASDAQ: BBBY) are surging Wednesday. The meme stock was up roughly 29% as of 2 p.m. ET, according to data from S&P Global Market Intelligence .
Bloomberg published a report today stating that the beleaguered retail company had restarted preparations for bankruptcy filings. In most cases, that's the kind of news that would likely be met with significant stock sell-offs. But some investors are betting that the company will be able to once again fend off going bankrupt -- or at least see volatile swings that open the door for sizable short-term gains.
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Why Bed Bath & Beyond Stock Is Skyrocketing Today