Wall Street analysts are increasingly bearish on the semiconductor space -- at least over the short term. Read More...
Reuters
Retail darling Bed Bath & Beyond extends rally ahead of strategic update
(Reuters) -Bed Bath & Beyond Inc’s shares extended their rally on Tuesday ahead of a strategy update from the struggling retailer this week that has sparked hopes of the company nearing a funding deal of about $400 million. “Investors are optimistic that it could be set to announce a $400 million loan deal,” Victoria Scholar, head of investment at Interactive Investor, said on Tuesday. The “meme” stock is on track for its best month since its debut in 1992, having risen about 180% in August after a rally and u-turn triggered by billionaire Ryan Cohen’s sale of his 9.8% stake almost five months after amassing it and pushing for changes.
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