Bed Bath & Beyond can fall 30% as Reddit frenzy slows, KeyBanc says

Bed Bath & Beyond appears to have lost momentum from Reddit, and its fundamental turnaround may be losing steam as well, according to KeyBanc Capital Markets. The stock reemerged earlier this month as a meme trade earlier this month, but it has pulled back as that retail trading energy has dissipated. Shares have fallen more than 14% in the past two sessions on daily volume of less than 7 million shares. Volume topped 100 million on June 2.