What's going on with BBBY stock?

Additionally, it is currently heavily shorted. Outside major exchanges, almost half the shares are held short as fundamental analysts predict it’s headed to $1. BBBY stock opened today at about $14 per share. What’s Going On? The last month’s rally in the stock market, with the S&P 500 up 13% and the Nasdaq up 16%, has lifted all boats.

Who owns BBBY stock?

In March 2022, Cohen’s corporation, RC Ventures LLC, bought a nearly 10% stake in BBBY. Thereafter, BBBY gave Cohen three board seats. For four months, BBBY stock climbed from its lowest price of $4.38 per share on July 1, 2022, to $30.00 per share on August 17, 2022.

Why did BBBY share price fall?

High short interest and social media-driven frenzy sparked a rally that saw BBBY rise over 500% from the start of the month to a five-month high of $30 by 17 August 2022. Since then BBBY share price has slumped to below $10 in the first week of September, hurt by news of poor quarterly financial performance, job cuts and the closures of 150 stores.