Bed Bath & Beyond Stock News and Forecast: BBBY stock surges 69%

Bed Bath & Beyond (BBBY) stock surges on report of Ryan Cohen stake.
Ryan Cohen is the Chewy savior and current GameStop CEO.
BBBY stock is up over 67% in Monday's premarket trading.

Ivan Brian FXStreet

UPDATE: BBBY investors were not bluffing in Monday's premarket. The home decor retailer is up more than 69% to $27.38 at the start of the session. This is even higher than the premarket this morning where it traded between 44% and 67%. BBBY has been a retail trader favourite for about a year, but the genesis of this surge began with meme stock extraordinare Ryan Cohen taking a reported 10% stake in BBBY and trying to get the board to launch a new strategy to benefit shareholders. As the current CEO of GameStop, the original meme stock, Cohen has a surplus of retail backers behind his every move who believe he has the secret sauce to turn moribund retail companies around.

It appears The Wall Street Journal first broke the story on Sunday that Chewy (CHY) co-founder and current GameStop (GME) CEO Ryan Cohen has taken a near 10% stake in Bed Bath & Beyond through RC Ventures LLC.

Bed Bath & Beyond Stock News

In a letter to BBBY's board, RC Ventures says it has a 9.8% stake and expresses disappointment with the performance of BBBY stock relative to sector benchmarks. "We believe Bed Bath needs to narrow its focus to fortify operations and maintain the right inventory mix to meet demand, while simultaneously exploring strategic alternatives that include separating buy buy Baby, Inc. (“BABY”) and a full sale of the company," according to the letter.

Bed Bath & Beyond has just released a reply to the letter: "Bed Bath & Beyond's Board and management team maintain a consistent dialogue with our shareholders and, while we have had no prior contact with RC Ventures, we will carefully review their letter and hope to engage constructively around the ideas they have put forth.[...] Our Board is committed to acting in the best interests of our shareholders and regularly reviews all paths to create shareholder value. 2021 marked the first year of execution of our bold, multi-year transformation plan, which we believe will create significant long-term shareholder value."

Retail trades have been enthused and jumped on BBBY stock this morning, pushing it up a staggering 67% at the time of writing. This is even more impressive when you consider the bearish overall market we are currently experiencing.

Bed Bath and Beyond Stock Forecast

This premarket move brings BBBY up to a potential double top at $24. This is the spike high from back in November when BBBY stock announced a partnership with Kroger. That price spike was not sustained, and this raises the possibility that the same will happen this time around. We also note above $26 that volume increases a lot, meaning more price resistance. We feel this news certainly has potential, but it is the very early stage and as such the 67% share price move is way overdone.

BBBY stock chart, daily

The author is short BBBY.

Author

Ivan Brian

FXStreet

Ivan Brian started his career with AIB Bank in corporate finance and then worked for seven years at Baxter. He started as a macro analyst before becoming Head of Research and then CFO.

AUD/USD stays weak above 0.6900 after China’s trade data

AUD/USD struggles to capitalize on the previous day’s recovery and stays defensive on the 0.6900 level following the narrowing of trade surplus in China. Increased December Fed rate hike bets allows the US Dollar to pause its decline and weigh on the pair. US CPI data is next of note for the major.

USD/JPY retakes 158.00 on weak Japanese data; focus shifts to US CPI

USD/JPY attracts some dip-buyers and retakes 158.00 in the Asian session on Tuesday as a fall in Japan’s Household Spending offsets hawkish BoJ Summary of Opinions, undermining the Japanese Yen. Moreover, Fed hike bets support the safe-haven US Dollar and the currency pair. The market focus now shifts to the release of the crucial US CPI report.

Gold slides below $4,100 as Fed hike bets exert pressure ahead of US CPI

Gold extends its intraday descent and slides below the $4,100 mark, reversing a major part of the previous day's strong gains to the $4,150 resistance. Firming US Federal Reserve rate-hike expectations turn out to be a key factor driving flows away from the non-yielding bullion. Meanwhile, the US Dollar struggles to lure buyers amid mixed signals regarding the state of diplomatic talks between the US and Iran. This could offer some support to the commodity as traders seem hesitant ahead of US consumer inflation figures.

Bitcoin hits lowest weekly close since August as short-term holders slip into losses

Bitcoin fell below $75,000 on Tuesday, after recording its lowest weekly close since August as selling pressure pushed recent buyers into losses.

US CPI data set to ease in October as markets reassess Fed rate hike expectations

The US Bureau of Labor Statistics will publish the October Consumer Price Index data on Tuesday, a release that could influence the US Dollar valuation as investors reassess the Federal Reserve’s interest-rate outlook. The report won’t include 12-month percentage changes for most CPI series in this release, due to missing October 2025 monthly data because of the lack of collection during the government shutdown from October 1, 2025, to November 12, 2025.

Gold reclaimed $4,100. Tuesday’s CPI test decides if it holds

Gold (XAU/USD) starts the week on a positive note, reclaiming the $4,100 psychological level as the US Dollar (USD) retreats from its recent highs. The precious metal recovers from Friday's losses, although investors remain cautious ahead of Tuesday's US Consumer Price Index (CPI) report, which could determine the next direction for Bullion.