Some Investors Are Still Betting On Bed Bath Beyond Fortune Jakub porzycki—nurphoto getty images. even though bed bath & beyond has sold its ip to overstock and is in the midst of liquidating its stores, a group of meme stock investors is still betting. The former bed bath & beyond inc., seeking to generate cash for its creditors, sued to recover more than $300 million in trading profits from hudson bay capital management, the hedge fund at the.
Some Investors Are Still Betting On Bed Bath Beyond Fortune At its peak in 2017, bed bath & beyond had 1,560 stores with 65,000 employees, bringing in $12.3 billion in revenue. but in the nine months through november 2022, it posted sales of just $4.2. Even though bed bath & beyond has sold its ip to overstock and is in the midst of liquidating its stores, a group of meme stock investors is still betting on the company, driving share prices up. Trading otc hasn’t helped bed bath & beyond. while bbbyq stock is rising today, it still trades at dangerously low levels, remaining well below $1 per share. as of this writing, it is down. Accordingly, a bet that this stock will decline from the 18 cent level is riskier than betting on a decline from around $30 per share. exactly what bed bath & beyond is still worth is unclear.
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