BBBY stock sees surge but analysts warn of meme-like bounce.

1 min read
Source: MarketWatch
BBBY stock sees surge but analysts warn of meme-like bounce.
Photo: MarketWatch
TL;DR Summary

Bed Bath & Beyond's stock continues to rally, surging 13.8% in premarket trading after a 17.6% jump on Monday. The troubled home-goods retailer's stock had hit a record low of 24 cents on Friday, but has since bounced back. The company recently disclosed the sale of over 100 million shares for $48.5 million in proceeds, with the potential to sell up to $300 million worth of stock. Despite the recent rally, the stock has still plummeted 88.8% year to date.

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