'I lost $100,000': investors share Bed Bath & Beyond 'loss porn' on social media as meme-stock heads for de-listing

As the Nasdaq exchange prepares to delist shares of Bed Bath & Beyond Inc., following the company’s filing for Chapter 11 bankruptcy protection, some retail traders are taking to Reddit to commiserate about their losses, while others say they are doubling down and continuing to buy as the share price sinks further below 25 cents.

In a post that generated more than 1,000 comments on the “Wall Street Bets” subreddit, one investor shared his experience losing roughly $100,000 on the troubled home-goods retailer over the past several months. But earlier this year, he decided to try his hand day-trading stocks. He bought Bed Bath & Beyond at a weighted average cost of around $2.70 per share after seeing the stock pitched on a YouTube channel called TraderTV Live, which boasts nearly 400,000 subscribers. MarketWatch didn’t receive a response when it reached out to the channel.Bed Bath & Beyond shares were trading at around $2.70 in late January and early February, and Aaron said he built his position during that period.

One user reported a loss of $8,000 on an investment in the retailer, which was once a giant in the home-goods space, attracting loyal customers with its once-iconic blue coupons, according to media reports. Heavy trading volume in Bed Bath & Beyond shares has reportedly been driven by retail interest, according to the Journal.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Here's how long you have to use Bed, Bath & Beyond coupons after chain's bankruptcyNow that Bed Bath & Beyond has filed for bankruptcy, when do the going-out-of-business sales begin?
Source: abc13houston - 🏆 255. / 63 Read more »

Bed Bath & Beyond bankruptcy: Coupons expiring, return deadlinesBed Bath & Beyond customers have only a few more days to use their coupons as the company begins to wind down operations. It plans to close all stores by June 30.
Source: FoxBusiness - 🏆 458. / 53 Read more »

Bed Bath & Beyond files for bankruptcy protection: What to know about final sales, coupon deadlineThe company closed dozens of locations in the last year, a number of them in the tri-state area.
Source: 6abc - 🏆 250. / 63 Read more »