Bed Bath & Beyond stock down more than 20% premarket after meme-like rally

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Bed Bath & Beyond stock down more than 20% premarket after meme-like rally
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Shares of Bed Bath & Beyond Inc. were down 22.2% before market open Thursday after the troubled home goods retailer’s recent meme-like rally. The stock ended...

Shares of Bed Bath & Beyond Inc.

were down 22.2% before market open Thursday after the troubled home goods retailer’s recent meme-like rally. The stock ended Wednesday’s session up 35.3%, marking its third consecutive day of gains and its longest win streak since January. On Wednesday Bed Bath & Beyond’s trading volume was three times higher than the prior 30-day average, according to FactSet data.

were down 22.2% before market open Thursday after the troubled home goods retailer’s recent meme-like rally. The stock ended Wednesday’s session up 35.3%, marking its third consecutive day of gains and its longest win streak since January. On Wednesday Bed Bath & Beyond’s trading volume was three times higher than the prior 30-day average, according to FactSet data.

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