Politics

Bed Bath & Beyond shares ‘rising sharply’ in price


Sky News Business Reporter Edward Boyd says the same group of investors who started buying shares in the US companies GameStop and AMC early last year are now interested in another company that is highly shorted. 

“Bed Bath & Beyond. The homewares business hasn't released any significant announcements, but its shares are up about 40 per cent in the past couple of days,” Mr Boyd said. 

“Bed Bath & Beyond is rising sharply in price, along with GameStop and AMC, so we have another short squeeze on our hands.

"The question this time, is how long will it last?”

Sky News Business Reporter Edward Boyd says the same group of investors who started buying shares in the US companies GameStop and AMC early last year are now interested in another company that is highly shorted.

“Bed Bath & Beyond. The homewares business hasn’t released any significant announcements, but its shares are up about 40 per cent in the past couple of days,” Mr Boyd said.

“Bed Bath & Beyond is rising sharply in price, along with GameStop and AMC, so we have another short squeeze on our hands.

“The question this time, is how long will it last?”

Sky News Business Reporter Edward Boyd says the same group of investors who started buying shares in the US companies GameStop and AMC early last year are now interested in another company that is highly shorted. “Bed Bath & Beyond. The homewares business hasn’t released any significant announcements, but its shares are up about 40 per cent in the past couple of days,” Mr Boyd said. “Bed Bath & Beyond is rising sharply in price, along with GameStop and AMC, so we have another short squeeze on our hands. “The question this time, is how long will it last?”

Read Next



Source link

Leave a Reply

Your email address will not be published.