Is Bed Bath & Beyond stock a buy?

A key catalyst for Bed Bath & Beyond's recent rise and sell-off was GameStop's Ryan Cohen. Bottom line: Bed Bath & Beyond stock is not a buy and flashed massive sell signals in the past couple of days. Any investors who own BBBY stock now should consider selling some or all of their position at current levels.

Is Bed Bath & Beyond stock a sell signal?

Technically, BBBY stock has been hot, but is greatly extended from moving averages and is now getting a lot of media attention. That's a sell signal, not a buying opportunity. A key catalyst for Bed Bath & Beyond's recent rise and sell-off was GameStop's Ryan Cohen.

Why did Bed Bath & Beyond stock surge 60%?

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 . The stock rocketed higher as investors raced to cover their short positions.

Why is overstock rebranding as Bed Bath & Beyond?

Overstock, known for selling furniture, is rebranding in the U.S. as Bed Bath & Beyond to signal its investment in bedding, towels, dishware and other home goods. “It really felt like a no-brainer to us,” Overstock Chief Executive Jonathan Johnson told The Wall Street Journal.