Bed Bath & Beyond Inc. is offering another painful lesson to the memetic mob that fundamentals are more important than hype.
The home furnishings retailer fell 22% after quarterly sales fell below expectations, making it one of the notable losers among the 37 hot stocks in retail transactions tracked by Bloomberg this year. For amateur investors who have banded together against short sellers, this decline is a warning that they believe the fundamentals are true.
Post time: Oct-12-2021