Meme Stocks Bounce With Retail Investors Dipping Back In After Slump
- Home retailer rallies 8% after gross margin beat estimates
- Retail traders circle back after sitting out latest selloff
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Renewed retail investor demand and quarterly results from Bed Bath & Beyond Inc. weren’t enough to lift beaten down meme stocks as the group resumed declines after a volatile session.
A basket of so-called meme stocks tracked by Bloomberg extended a three-day losing streak even as Bed Bath & Beyond jumped 8% after its adjusted gross margin in the quarter topped the average analyst estimate.