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2021-06-24

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Bank of America says it's safe to buy Bed Bath & Beyond again after meme rally fades

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBank of America says it's safe to buy Bed Bath & Beyond again after meme rally fades\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 19:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/24/bank-of-america-says-its-safe-to-buy-bed-bath-beyond-again-after-meme-rally-fades.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors can feel comfortable buyingBed Bath & Beyondagain now that Reddit traders appear to have left the stock behind, according to Bank of America.\nThe stock was one of several caught up in the ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/bank-of-america-says-its-safe-to-buy-bed-bath-beyond-again-after-meme-rally-fades.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BBBY":"3B家居"},"source_url":"https://www.cnbc.com/2021/06/24/bank-of-america-says-its-safe-to-buy-bed-bath-beyond-again-after-meme-rally-fades.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1155529111","content_text":"Investors can feel comfortable buyingBed Bath & Beyondagain now that Reddit traders appear to have left the stock behind, according to Bank of America.\nThe stock was one of several caught up in the renewed meme stock rally earlier this month, seeing its share price and volatility increase dramatically. The stock has now dropped more than 33% since June 2.\nAnalyst Curtis Nagle reinstated a buy rating for the retail stock, saying that the meme rally appears to be over for Bed Bath & Beyond. Nagle hadmoved the stock to no rating three weeks ago, saying that shares were too disconnected from fundamentals.\n“BBBY shares are now trading much closer to levels pre-surge, and non-fundamentals drivers such as number of mentions on retail investor online message boards, trading volumes, and short interest have moderated,” the note said.\nThe brief spurt of volatility did not change the long-term story for the stock, Bank of America said.\n“We still see a solid LT turnaround in place,” the note said.\nBank of America reinstated its price target for Bed Bath & Beyond at $38 per share, which is nearly 20% above where stock closed on Wednesday.\nDuring the meme stock rally earlier this month, Bed Bath & Beyond rose as high as $44.51 per share.","news_type":1},"isVote":1,"tweetType":1,"viewCount":428,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/128751347"}