Bed Bath & Beyond soars 60% as meme stocks continue getting short squeezed
Bed Bath & Beyond’s stock
Retail traders sold $746 million worth of Tesla shares
Retail traders unloaded $746 million worth of Tesla shares over the past week, bringing the total outflow over the last three weeks to $2.1 billion, according to data from JPMorgan.
It comes even as investors piled back into stocks, buying $1.2 billion worth of equities in the past week. That included $157 million of Amazon shares and $102 million of Apple. Retail traders dumped just $19 million worth of single stocks during the period.
“Selling was largely concentrated within Autos (mostly TSLA) with broad based buying in other industries including Retailing (e.g., AMZN, HD), Media/Entertainment (e.g., GOOGL, NFLX, CMCSA) and Tech Hardware/Equipment (mostly AAPL),” the firm said.
— Samantha Subin
Bank stocks quiet ahead of earnings
Major bank stocks are experiencing a calm session on Thursday ahead of a flurry of earnings reports that begin on Friday morning.
Among the banks reporting tomorrow, Citigroup is the day’s best performing stock, adding 1.1%. JPMorgan Chase, Bank of America and Wells Fargo are all up less than 1%.
Looking ahead to next week’s reports, shares of Goldman Sachs are up 1%, and Morgan Stanley has gained nearly 2%.
— Jesse Pound
Stocks on track for another day of gains entering final hour
With one hour of trading left, the three major indexes remain on pace for daily gains.
The Dow
