Bed Bath & Beyond leads rally in meme stocks

Shares of Bed Bath & Beyond Inc jumped 23% on Wednesday as meme stocks rallied again.

Bed Bath & Beyond has gained in 14 out of the past 15 sessions. As such, the home goods company’s market value more than quadruple to over $2 billion.

The stock was last trading at $25.93 after rising up to $30 earlier in the session.

Retail investors net bought $73.2 million worth of the company’s shares on Tuesday. That represents the highest single-day purchase in at least five years.

Bed Bath & Beyond was the most actively traded single stock option on Wednesday, data from Options Clearing Corp showed.

Among others, e-commerce firm Vinco Ventures (BBIG.O) advanced 32% and meal-kit delivery firm Blue Apron (APRN.N) rose 8.7%.

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