Shares of home goods retailer Bed Bath & Beyond (NASDAQ: BBBY) have been on our radar for almost a month at this point. But it wasn’t until recently that the broader markets took an interest.
What was the draw to BBBY stock? Was it a brand new kitchen utensil? Was it the launch of some new bedding? Did a global brand decide to partner with the company? None of that prompted the massive move that this former penny stock experienced this quarter.
A mix of bullish social sentiment, insider trading, heavy short interest, and fevered bullishness in the overall market was, however.
Thanks to the retail-fueled frenzy, the hunt has begun for the next round of penny stocks to watch.
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