![]() ![]() That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. In just one more troubling development for the company, Fortune reports that the number of couples removing Bed Bath & Beyond items from their wedding registries is increasing.Īll signs point toward an economic future that doesn’t include this troubled retailer. As InvestorPlace contributor Thomas Niel notes, though, Bed Bath is spiraling, “reverse split or not.” It’s a lose/lose scenario for shareholders.Įven if Cohen is considering getting involved with the company, BBBY stock isn’t out of the woods. There’s also the possibility of a reverse stock split, a move typically employed by struggling companies with no other options. Per The Wall Street Journal, the company has flooded the market with new shares, even as the possibility of bankruptcy looms. When the momentum inevitably runs out of steam, the stock in question comes crashing back down.Ĭohen’s tweet isn’t the only thing that has gotten retail traders excited about BBBY recently. This is a classic case of social media attention creating superficial growth. As of this writing, the stock is now up about 15% for the day, far lower than today’s high. The retail investor hype pushing BBBY stock up today is already running out. ![]()
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