Bed Bath & Beyond stock jumps 25% as Reddit investor crowd ramps up trading

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Bed Bath & Beyond Inc. shares BBBY, +23.55% rocketed 25% in afternoon trade Monday, putting them on track for 13 gains in 14 sessions, as the Reddit crowd that made it a meme stock again embraced it. Volume of 127 million shares traded was more than eight times the 65-day average of 15 million shares traded in a single day. The stock has been on a tear with no real news driving the move, but participants on Reddit’s WallStreetBets forum were celebrating the gains. The stock has gained about 9% in the year to date, outperforming the S&P 500 SPX, +0.40%, which is down 10%.

This article was originally published by Marketwatch.com. Read the original article here.

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