For vocal Bed Bath & Beyond bear Anthony Chukumba, the current gyrations in Bed Bath & Beyond’s inventory — regardless of the retailer being getting ready to chapter — underscore the necessity for individuals to spice up their monetary literacy.
“It is a residing, respiration instance of the necessity for monetary literacy training within the United States,” the Loop Capital analyst mentioned on Yahoo Finance Live (video above). “I imply, Bed Bath & Beyond goes to go bankrupt.”
Bed Bath & Beyond completed Friday’s session down 30% in one other day of risky buying and selling for the meme crowd favourite. On the week, shares surged an eye-popping 179%.
The wild upward value motion occurred after Bed Bath & Beyond did not utter the world “chapter” on its in any other case brutal Tuesday morning earnings launch. The lack of a chapter announcement appeared to embolden bulls within the inventory, inflicting bears — particularly short-sellers — to rapidly cowl their shorts, solely creating extra upward momentum within the inventory.
Then, on Friday, the…
2023-01-16 12:40:32 Wild Bed Bath & Beyond inventory strikes expose a bigger downside with investing
Source from finance.yahoo.com