Bed Bath & Beyond’s stock continues to be whipped up into a speculative fervor as traders place bets the retailer somehow averts bankruptcy — triggering massive covering by short-sellers. Shares popped 20% in pre-market trading on Thursday. If Bed Bath & Beyond’s stock opened at current levels, shares would be up more than 150% since the opening price on Monday. The stock — which has one of the most visited ticker pages on Yahoo Finance the past 24-hours — climbed 69% on Wednesday. This… Source link
Read More »Bed Bath & Beyond stock is going haywire amid bankruptcy bets
Bed Bath & Beyond’s stock continues to be whipped up into a speculative fervor as traders place bets the retailer somehow averts bankruptcy — triggering massive covering by short-sellers. Shares popped 20% in pre-market trading on Thursday. If Bed Bath & Beyond’s stock opened at current levels, shares would be up more than 150% since the opening price on Monday. The stock — which has one of the most visited ticker pages on Yahoo Finance the past 24-hours — climbed 69% on Wednesday. This… Source link
Read More »Nike’s stock goes haywire after massive earnings report — here’s one stealth winner from Nike’s boom
Foot Locker (FL) is prepared to ride the coattails of serious momentum at key vendor Nike, analysts contend. On Thursday evening, Nike reported record sales in North America for its fourth fiscal quarter. Sales surged 141% from last year, and 29% compared to the fourth quarter of 2019 (pre-pandemic). Digital sales soared 147% from the fourth quarter of 2019. Jordan brand sales rose an impressive 31% to $5 billion in Nike’s just completed fiscal year. Shares of Nike exploded 15% on Friday as… Source link
Read More »Why Netflix stock is going haywire after its latest earnings report
Wall Street is right to disregard a rare earnings miss from streaming king Netflix. Netflix (NFLX) shares exploded 13% in pre-market trading on Wednesday, indicating the stock will open at a record high despite the earnings shortfall on Tuesday evening. To be sure, the report had a lot of fodder for the Netflix bulls to take on the bears roaring about the earnings miss. The company surpassed 200 million paid subscribers for the first time, powered by a world continuing to consume large amounts… Source link
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