MemeMarkets: Bed Bath & Beyond stock set to snap longest win streak in 15 years after Baird analyst suggests it’s time to sell

by | Aug 9, 2022 | Stock Market

Shares of Bed Bath & Beyond Inc. tumbled Tuesday, putting them in danger of their first decline in two weeks, after Baird analyst Justin Kleber suggested investors sell, saying the latest “meme stock frenzy” comes despite continued liquidity concerns. Baird’s Kleber turned bearish on the home goods retailer after its stock
soared 39.8% on Monday, as the Reddit Wall Street Bets group appeared to be embracing the stock again, and rocketed 148.0% amid a nine-day win streak, which was the longest such streak since the 11-day stretch that ended Jan. 18, 2007.

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