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Bed Bath & Beyond brings meme stocks back in vogue to start 2023

  • 📰 Reuters
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  • Publisher: 97%

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An army of retail traders drove up shares of meme stocks this week, led by a surge in Bed Bath & Beyond , as growing signs that inflation has peaked encouraged them to pick up shares at relatively 'cheap' prices after the 2022 market slump.

A shopping cart is seen at a Bed Bath & Beyond store in Manhattan, New York City, U.S., June 29, 2022. REUTERS/Andrew Kelly

, as growing signs that inflation has peaked encouraged them to pick up shares at relatively "cheap" prices after the 2022 market slump. Bed Bath & Beyond Inc is in talks with potential lenders and the discussions are also exploring potential takeover bids, Bloomberg reported on Thursday.

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