Shares have increased by 349% despite analysts downgrading the stock.
This month, short sellers suffered paper losses of $662 million.
The Bed Bath & Beyond Inc.'s 349% three-week increase has rekindled a wave of meme stock buying.
Opposes Wall Street banks who are raising the alarm about the stock's excessive values.
The stock increased by as much as 79% on Tuesday, continuing the buying spree.
However, after two trading halts, the stock's gains were reduced to 29%, and it ended the day at $20.65.
With 385 million shares exchanged, or more than 20 times the three-month average, the stock was the most actively traded one.
Even though the home products company was downgraded by at least three Wall Street banks,
Even though the home products company was downgraded by at least three Wall Street banks,
who also advised investors to sell their shares amid the "meme stock craze," the rally has occurred anyway.
Since July 26, the stock has received $99 million from retail traders.
The stock increased 24% on Monday and closed at its highest level since late April, generating a record-high net inflow of $46 million.
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