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Retail Traders Power Crazed Week as Bed Bath & Beyond Soars 179%

  • Retailer notches record weekly stock gain despite Friday drop
  • Investors are also revisiting other so-called meme stocks
A Bed Bath & Beyond store in Farmington Hills, Michigan. 

A Bed Bath & Beyond store in Farmington Hills, Michigan. 

Photographer: Emily Elconin/Bloomberg
Updated on

It has been a dizzying start to the year for Bed Bath & Beyond Inc. investors after the company’s bankruptcy warning sparked renewed buying by retail traders and fueled a rally reminiscent of the meme-stock frenzy two years ago.

Shares in the home-goods retailer soared 179% this week, more than wiping out the share-price drop that followed the company’s warning on Jan. 5 that it may need to file for bankruptcy. While the rally cooled Friday, with the stock falling 30%, Bed Bath & Beyond still notched a record weekly gain.