Is BBBY stock benefiting from Reddit's r/wallstreetbets crowd?

It appears that BBBY stock is benefitting from Reddit’s r/WallStreetBets crowd. This group of individual investors have recently bought millions of shares of specific companies in what is called a short squeeze. These people are buying GameStop (NYSE: GME ), AMC Entertainment (NYSE: AMC) and BBBY stock in droves.

Is Bed Bath and beyond stock benefiting from Reddit's r/wallstreetbets crowd?

Shares of Bed Bath and Beyond (NASDAQ: BBBY) stock are skyrocketing higher on Wednesday morning on what appears to be no news from the company. So, what is causing this major jump in the share price? Let’s take a closer look to find out: It appears that BBBY stock is benefitting from Reddit’s r/WallStreetBets crowd.

Should you Buy Bed Bath & Beyond (BBBY) stock?

And although Redditors are valiantly pushing prices higher, they’ll have to send shares into the $25 range before BBBY stock has any chance of salvation. Retailers have long boosted returns by paying suppliers late. For every 30 days a firm like Bed Bath & Beyond can draw out payments, its return on capital invested increases by around 12%.

How many shareholders does BBBY have?

TLDR: I believe we can account for approximately 202,639,354 shares across 4,597 known shareholders, including 282 institutional holders, ~20 company insiders, 2,489 direct registered shareholders, at least one 4.5% shareholder, and 1,699 activist BBBY Reddit shareholders, which leaves 536,360,646 shares unaccounted for.