{"id":1803323,"date":"2023-01-12T09:50:24","date_gmt":"2023-01-12T14:50:24","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1803323"},"modified":"2023-01-12T09:52:08","modified_gmt":"2023-01-12T14:52:08","slug":"bed-bath-beyond-up-68-to-lead-last-gasp-meme-stock-rally","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bed-bath-beyond-up-68-to-lead-last-gasp-meme-stock-rally\/","title":{"rendered":"Bed Bath &amp; Beyond Up 68% to Lead Last Gasp Meme Stock Rally"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbed-bath-beyond-up-68-to-lead-last-gasp-meme-stock-rally%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1803323&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<div class=\"PageBuilder-col-full PageBuilder-col PageBuilder-article\">\n<div class=\"TopBanner-container\" data-top-banner-placeholder=\"true\"><\/div>\n<\/div>\n<div class=\"PageBuilder-col-full PageBuilder-col PageBuilder-article\">\n<\/div>\n<div class=\"PageBuilder-col-9 PageBuilder-col PageBuilder-article\">\n<div class=\"ArticleBody-articleBody\" id=\"RegularArticle-ArticleBody-5\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\">\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-107176734\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<div class=\"InlineImage-imageEmbedCaption\">A &#8220;Store Closing&#8221; Banner displayed in Farmingdale, New York on Friday January 6, 2023 by Bed Bath &#038; Beyond.<\/div>\n<div class=\"InlineImage-imageEmbedCredit\">Johnny Milano | Bloomberg | Getty Images<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>As retail investors push meme names higher in the new Year after a poor 2022, a number of highly speculative stocks rose by double digits Wednesday.<\/p>\n<p><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-1\"><a href=\"https:\/\/www.cnbc.com\/quotes\/BBBY\/\">Bed Bath &#038; Beyond<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\"><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\"><\/span><\/button><\/span><\/span><\/span> The trend Wednesday saw shares of a company jump by 68.6% Shares of <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-2\"><a href=\"https:\/\/www.cnbc.com\/quotes\/GME\/\">GameStop<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\"><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\"><\/span><\/button><\/span><\/span><\/span>, the original star in 2021&#8217;s meme stockmania, has risen more than 7 % <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-3\"><a href=\"https:\/\/www.cnbc.com\/quotes\/AMC\/\">AMC Entertainment<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\"><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\"><\/span><\/button><\/span><\/span><\/span> The rise was more than 21%<\/p>\n<div class=\"ExclusiveContentBucket-exclusiveContentBucket\">\n<h2 class=\"ExclusiveContentBucket-exclusiveContentHeading\">Similar investing news<\/h2>\n<div class=\"ExclusiveContentBucket-contentContainer\">\n<div class=\"BucketItem-bucketItem\">\n<div class=\"BucketItem-bucketImageContainer\"><img decoding=\"async\" class=\"BucketItem-bucketImage BucketItem-proItem\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2023\/01\/105736756-1550070710708gettyimages-929075378.jpeg\" alt=\"A slowdown in denim demand could spell trouble for Levi Strauss, Citi says in downgrade\"   style=\"display:none\"><\/p>\n<div class=\"BucketItem-proPillContainer\"><a href=\"https:\/\/www.cnbc.com\/pro\/\" class=\"ProPill-proPillLink\" data-type=\"pro-button\"><img decoding=\"async\" class=\"BucketItem-proPill ProPill-proPill\" src=\"https:\/\/static-redesign.cnbcfm.com\/dist\/f7f282b4f7f47fceda1e.svg\" alt=\"CNBC Pro\" \/><\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div data-test=\"ArticleTable\">\n<section class=\"TableHeader-container\" data-test=\"TableHeader\">\n<h3 class=\"TableHeader-themeTitle TableHeader-title\">Meme stocks rally one more time<\/h3>\n<\/section>\n<div>\n<div class=\"BasicTable-basicTable\" data-test=\"BasicTable\">\n<div class=\"BasicTable-tableWrapper\">\n<div class=\"BasicTable-articleContainer\">\n<table class=\"BasicTable-table\">\n<thead class=\"BasicTable-tableHeading BasicTable-tableHeadingSortable\">\n<tr>\n<th class=\"BasicTable-textData\"><span>Stock <\/span><\/th>\n<th class=\"BasicTable-numData\"><span>Short interest % float <\/span><\/th>\n<th class=\"BasicTable-numData\"><span>Gain <\/span><\/th>\n<th class=\"BasicTable-numData\"><span>% off the 52W high <\/span><\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"BasicTable-tableBody\">\n<tr valign=\"middle\">\n<td class=\"BasicTable-textData\">Bed Bath &#038; Beyond<\/td>\n<td class=\"BasicTable-numData\">48.9%<\/td>\n<td class=\"BasicTable-numData\">68%<\/td>\n<td class=\"BasicTable-numData\">-88%<\/td>\n<\/tr>\n<tr valign=\"middle\">\n<td class=\"BasicTable-textData\">AMC (AMC).<\/td>\n<td class=\"BasicTable-numData\">21%<\/td>\n<td class=\"BasicTable-numData\">21%<\/td>\n<td class=\"BasicTable-numData\">-77%<\/td>\n<\/tr>\n<tr valign=\"middle\">\n<td class=\"BasicTable-textData\">GameStop (GME).<\/td>\n<td class=\"BasicTable-numData\">21%<\/td>\n<td class=\"BasicTable-numData\">7%<\/td>\n<td class=\"BasicTable-numData\">-62%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div><em>Source: FactSet<\/em><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div role=\"region\" aria-labelledby=\"Placeholder-ArticleBody-Video-107174823\">\n<div role=\"button\" tabindex=\"0\" id=\"Placeholder-ArticleBody-Video-107174823\" class=\"PlaceHolder-wrapper\" data-vilynx-id=\"7000280064\" data-test=\"VideoPlaceHolder\">\n<div class=\"InlineVideo-videoEmbed\" id=\"InlineVideo-0\" data-test=\"InlineVideo\">\n<div class=\"InlineVideo-wrapper\">\n<div class=\"InlineVideo-inlineThumbnailContainer\"><img decoding=\"async\" class=\"InlineVideo-videoThumbnail\" src=\"https:\/\/image.cnbcfm.com\/api\/v1\/image\/107174839-5ED3-FM-B-BLOCK-010523.jpg?v=1672959235&#038;w=750&#038;h=422&#038;vtcrop=y\" alt=\"What Bed Bath and Beyond&#039;s bankruptcy warning could mean for meme stocks\" \/><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>&#8220;We don&#8217;t love the strength in nonsense stocks like AMC, CVNA, GME, BBBY, PRTY, etc.,&#8221; Adam Crisafulli is Vital Knowledge&#8217;s founder. &#8220;This just means people are blindly chasing.&#8221;<\/p>\n<p>A group of retail traders joined hands on social media in early 2021 to buy up a number of stocks that were heavily shorted. This created massive short squeezes which caused high pain for short sellers. These meme stocks saw huge pullbacks last year as risk sentiment changed due to aggressive rate increases. GameStop lost 50% in 2022, AMC dropped 75%, and Bed Bath &#038; Beyond fell 82%.<\/p>\n<p>Although the short interest has declined from its peak following the jaw-dropping episode it is still much higher than the average.<\/p>\n<p>According to S3 Partners&#8217; analysis, 48% of Bed Bath &#038; Beyond float share shares are shorted, compared to a typical U.S. stock that has a 5% average short interest. According to FactSet, GameStop&#8217;s short interest is currently at 21%. This is a decrease of more than 100% during the peak of the meme stock mania. AMC also sells short 21%.<\/p>\n<p>Short squeeze occurs when a stock rises dramatically. It forces short sellers to purchase back shares to limit their losses. Short covering can help fuel the stock\u2019s rally.<\/p>\n<\/div>\n<\/div>\n<div class=\"WatchLiveRightRail-inline WatchLiveRightRail-container\" id=\"RegularArticle-WatchLiveRightRail-7\" data-test=\"watchLiveRightRail-4\" data-analytics=\"RegularArticle-watchLiveRightRail-7-4\">\n<div class=\"WatchLiveRightRail-contents\"><a href=\"https:\/\/www.cnbc.com\/live-tv\/\" class=\"WatchLiveRightRail-wlButton\">WATCH LIVE<img decoding=\"async\" src=\"https:\/\/static-redesign.cnbcfm.com\/dist\/4db8932b7ac3e84e3f64.svg\" class=\"WatchLiveRightRail-logo\" alt=\"logo\" \/><\/a><a href=\"https:\/\/www.cnbc.com\/live-tv\/\" class=\"WatchLiveRightRail-wlButtonMobile\">WATCH IN THE APK<\/a><\/div>\n<\/div>\n<\/div>\n<div class=\"PageBuilder-col-9 PageBuilder-col PageBuilder-article\"><\/div>\n<div class=\"PageBuilder-col-12 PageBuilder-col PageBuilder-article\">\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A &#8220;Store Closing&#8221; Banner displayed in Farmingdale, New York on Friday January 6, 2023 by Bed Bath &#038; Beyond. Johnny Milano | Bloomberg | Getty Images As retail investors push meme names higher in the new Year after a poor 2022, a number of highly speculative stocks rose by double digits Wednesday. Bed Bath &#038; &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1803326,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[12283,12555,8398,5458,14551,6961,3716,4433,3819,4359],"class_list":["post-1803323","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report","tag-12283","tag-bath","tag-bed","tag-bongino","tag-gasp","tag-lead","tag-meme","tag-rally","tag-report","tag-stock"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1803323","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1803323"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1803323\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1803326"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1803323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1803323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1803323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}