Bed Bath & Beyond Stock Surge Recalls Meme Mania

Bed Bath & Beyond Stock Surge Recalls Meme Mania

Shares of Bed Bath & Beyond Inc. jumped Wednesday, reviving a favorite meme-stock trade among individual investors.

The home-goods retailer’s stock soared in the morning, climbing as much as 54%, before settling up 15% to end at $19.30. The move followed a series of Tuesday afternoon announcements from the company, including that it expects to complete its $1 billion share-repurchase plan two years ahead of schedule by buying a remaining $400 million of stock this year. The company also said it was launching a new digital marketplace and announced that supermarket operator Kroger Co. would begin offering some Bed Bath & Beyond products on its website and in some stores starting next year.

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Rachel Meadows

Rachel Meadows

Trending topics news writer who enjoys cooking, walking her dog and travel.

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