Is BBBY Looking Like GME 2.0?
$AMC Entertainment (AMC.US)$ $GameStop (GME.US)$ $Bed Bath & Beyond Inc (BBBY.US)$
Shares of meme stocks Bed Bath & Beyond and GameStop have some notable similarities. But can BBBY really reach GME-level heights?
Shares of meme stocks Bed Bath & Beyond and GameStop have some notable similarities. But can BBBY really reach GME-level heights?
BBBY stock has been the recipient of lots of Wall Street skepticism. And the company did itself no favors when it failed, miserably, to beat market expectations during its most recent earnings report on April 13th. Weakness in consumer demand over the usually-strong holiday season was a large contributing factor to BBBY’s disappointing results.
However, since March, BBBY’s business has been influenced by activist investor Ryan Cohen, who also happens to be GameStop.Some see a possible repeat of GME’s “meme” darling storyline.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
