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Bed Bath & Beyond Stock Surges 35%

Shares of Bed Bath & Beyond Inc. (BBBY) are surging over 35% on Monday morning despite no stock-related announcement from the home improvement retailer. The company seems to have become the next meme stock as meme traders are now interested on the company.

BBBY is currently trading at $11.10, up $2.94 or 36.03%, on the Nasdaq, on a volume of 56 million shares, above average volume of 10 million shares. The stock has traded between $4.38 and $30.14 in the past 52-week period.

According to a CNBC report, citing Quiver Quantitative, Bed Bath & Beyond was the most searched name on the WallStreetBets discussion board on Monday.

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