Bed Bath & Beyond stock's big bounce off a record low is fueled by social-media speculation and is not likely to last, said Capital.com.
Shares of Bed Bath & Beyond Inc. extended their big bounce off a record low Tuesday, but because the latest meme-like rally was fueled by social-media speculation, it’s not likely to last, according to retail trading platform Capital.com.
On... Shares of Bed Bath & Beyond Inc. extended their big bounce off a record low Tuesday, but because the latest meme-like rally was fueled by social-media speculation, it’s not likely to last, according to retail trading platform Capital.com. Also read: Bed Bath & Beyond’s stock hits record low as troubled retailer pushes for reverse stock split.Capital.com said Tuesday that single-day volumes for “contract-for-difference” trades, which is a derivative that allows the trading of the price of a stock without actually owning the stock, have soared more than 260% on the day, with all trades of the stock currently 100% net long.
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