Bed Bath & Beyond Is Skyrocketing Again. How High Can It Go?

·2 min read

Bed Bath & Beyond (NASDAQ: BBBY) stock was soaring once again today as the short squeeze in the meme stock accelerated, attracting more traders on platforms like Reddit's WallStreetBets. This was a pure meme-driven short squeeze like the ones we saw in stocks like GameStop and AMC Entertainment last year. One Bed Bath & Beyond (BBBY) thread on WallStreetBets had more than 9,000 comments in the last two hours, touting price targets like $60 and $80 as well as rampant call-option buying in order to accelerate the short squeeze, or gamma squeeze as they're known with options.