Tag Archives: Descends

Meme stock nation descends on Bed Bath & Beyond again after earnings report

Meme stock nation descends on Bed Bath & Beyond again after earnings report

Meme stock traders are once again showing their love for new bestie Bed Bath & Beyond.  Shares of Bed Bath & Beyond (BBBY) exploded more than 30% at one point in Wednesday’s session as traders digested the retailer’s first quarter earnings. To be sure, there were a lot of positives for the meme traders — which sent the stock surging 40% out of the blue in a session earlier this month — to hang their hats on from Bed Bath & Beyond’s latest results.  First, CEO Mark Tritton made mention of… Source link

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Bitcoin Descends to $31K as Ether Funding Rates Drop

Bitcoin Descends to K as Ether Funding Rates Drop

Bitcoin has suffered two straight days of selling, bringing the price close to below $31,000. Also, ether funding rates for leveraged positions are cooling after a very heated few weeks. Bitcoin (BTC) trading around $31,850 as of 21:00 UTC (4 p.m. ET). Slipping 8.9% over the previous 24 hours. Bitcoin’s 24-hour range: $31,006-$35,656 (CoinDesk 20) BTC slightly above the 10-hour moving averages but well below the 50-hour on the hourly chart, a sideways-to-bearish signal for market… Source link

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