What is going on with BBBY stock?

To go along with today’s rally, shares of BBBY stock are experiencing heavy trading. As of this writing, more than 31 million shares of the stock are changing hands. To put that in perspective, the retail company’s daily average trading volume is closer to 9.2 million shares.

Is Bed Bath & Beyond (BBBY) a good stock to buy?

Bed Bath & Beyond ( BBBY) — one of the original meme stocks along with GameStop ( GME) and AMC Entertainment ( AMC) — spiked higher in early 2021 as Reddit- and social-media-fueled buying frenzies spurred tremendous short squeezes despite lousy company fundamentals. Bed Bath & Beyond stock has been surging again in recent weeks.

Who owns BBBY?

As of 5 January 2023, Davis Selected Advisers, Capital Research & Management and The Vanguard Group were the top three institutional shareholders of BBBY with a combined stake of 32.1%, data compiled by MarketScreener showed.

When will BBBY announce its third-quarter earnings?

BBBY is expected to announce its third-quarter earnings on 10 January 2023. BBBY stock price fell 29% to $1.63 on the day of the announcement, reaching its lowest level since February 1993, as the company said it was considering “obtaining relief under the U.S. Bankruptcy Code”.