Day Trading Tips

Shares of Bed Bath & Beyond ($BBBY@US) rallied on Wednesday, skyrocketing to 68.8 percent after meme stock investors revived the struggling retailer. Shares of GameStop ($GME@US) also rose 7 percent two years after the original meme stock rally of 2021, and AMC Entertainment ($AMC@US) shot up 21 percent. News that Bed Bath & Beyond would lay off workers instigated the rally. Investors “sell short” when they expect a stock price to decline. Float shares, the number of stocks available to trade in stock, are sold short at an average of 5 percent. Approximately 48 percent of Bed Bath & Beyond’s float shares are sold short. GameStop float shares are sold short at 21 percent and AMC at 21 percent.