https://www.vice.com/en_us/article/4ax3xd/please-help-bed-bath-and-beyond-stock-spikes-thanks-to-reddit-investors-immediately-falls

Over the past few months Bed Bath & Beyond has emerged as Wall Street Bets' favorite new meme stock thanks to GameStop Chairman Ryan Cohen taking a 10 percent stake back in March. While the company has seen its stock rally at various points, its underlying business has been struggling and Cohen himself has pushed for the company to reign in spending and restructure its operations.

This hasn’t deterred the most recent wave of frenzied trading that has ignored the slumping stock price or CEO resignation to rally retail traders to pile in. After a week of traders egging each other on, the stock rallied 45 percent on Monday. There’s no material news behind that jump—in fact, investors are worried about the company’s financial health and questioning its ability to repay debts.