Why some Bed Bath and Beyond investors think ‘Teddy’ could be meme stock savior

Shares of bankrupt Bed Bath & Beyond Inc. rose 3% Wednesday, with the meme stock maintaining its appeal to some investors, despite the retailer’s well-publicized woes. 

Bed Bath & Beyond BBBYQ filed for chapter 11 in April and was subsequently delisted from the Nasdaq Composite. Trading over the counter since May 4, and with liquidation sales under way at hundreds of stores, the stock nonetheless continues to attract attention.

Since…