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Strategies & Market Trends : The Art of Investing
PICK 50.39+1.1%Dec 11 4:00 PM EST
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To: Sun Tzu who wrote (5140)8/17/2022 9:17:35 AM
From: kidl1 Recommendation

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sixty2nds

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To infinity and Bed Bath & Beyond

Bed Bath & Beyond ( BBBY) shares soared nearly 30% on Tuesday amid an ongoing upswing in meme stocks. The sharp rise in shares adds to an over 300% run for the stock since the end of July.

At one point in the session, BBBY was up nearly 79% for the day. The furious activity also prompted a trading halt for volatility. The rally came as the stock continued to draw attention from short squeeze-eyeing meme traders following the disclosure of call-buying from GameStop ( GME) chairman Ryan Cohen’s venture capital firm RC Ventures. Per the disclosure, the Chewy founder bought January 2023 calls on more than 1.6M shares with strike prices between $60 and $80, fueling a squeeze.( 104 comments)
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