Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account Riley downgraded the stock to “sell”, saying the shares are trading at “unrealistic valuations.”Īnother highly shorted stock, meal-kit delivery firm Blue Apron The stock is up 440% so far this month in a rally that evocative of eye-watering gains in shares of GameStop and AMC Entertainment early last year that hurt hedge funds that had bet against the stock.īed Bath & Beyond opened lower after B. About 189 million shares changed hands by midday, more than six times the firm’s 30-day moving average volume. ![]() The stock rose as much as 78.8% to $28.60 during the session and trading was halted multiple times for volatility. The home furnishing company’s shares were the most traded on brokerage Fidelity’s platform, indicating interest from individual investors. The rapid rise in the stock price triggered a short squeeze signal, according to analytics firm Ortex. ![]() (BBBY) has 50.7% of its public free float in short position. The so-called short squeeze occurs when a surge in price of an asset forces bearish investors to buy back shares at a higher price to limit losses, in turn driving demand and pushing the price even higher. The stock rocketed higher as investors raced to cover their short positions. Shares of Bed Bath & Beyond surged 60% to a near five-month high in volatile trading on Tuesday, as retail investors continued to drive up the highly shorted stock’s price.
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