Bed Bath & Beyond spikes 30% despite bankruptcy fears as Reddit crowd hopes for an M&A miracle

Jan 9 2023 by Business Insider

 

Photo by Paul Hennessy/NurPhoto via Getty Images

Bed Bath & Beyond stock jumped 30% Monday after last week's heavy losses. The home furnishings retailer reported a bleak financial outlook and potential bankruptcy on Thursday.  However, Reddit users are speculating that a merger and acquisition deal could be looming to save the meme-stock company.

Shares of Bed Bath & Beyond soared 30% Monday amid speculation among Reddit users about a potential merger and acquisition deal. 

The rally comes...

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