Key takeaways
- Bed Bath & Beyond stock has phenomenally high trading volume among retail investors despite the stock’s impending liquidation
- Overstock, which bought the bankrupt retailer in July, will take over the brand and BBBY ticker
- Overstock’s shares are up nearly 35% since the start of the year
Bed Bath & Beyond has risen from the dead – in more than one sense. Its new owner, Overstock, has officially relaunched the business as an online-only retailer – and it plans to transition to the Bed Bath & Beyond name as soon as possible.
That might explain some of the reasoning around why Bed Bath & Beyond stock is seeing massive trading volumes even though the stock is essentially dead in the water. The activity has left Wall Street rolling its eyes at the memestock, but at least retail investors are having fun. Here’s what you should know.
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