WEBR Stock Recent News

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Weber went public in August 2021, raising approximately $250 million in gross proceeds in a U.S. IPO. The firm sells outdoor grilling equipment and related products worldwide.

Source: g0d4ather / Shutterstock.com We're starting off another week with a deep dive into the short squeeze stocks to watch! Short squeeze stocks have been popular with traders in recent months as they search for the next big breakout.

Bed Bath & Beyond Inc. shares BBBY, -19.90% more than 20% slide Wednesday dragged most other meme stocks lower with it, led by grill maker Weber Inc. WEBR, -13.05% , which is a relatively new member of the group. Weber has high short-interest and a small stock float, a setup that traders who gather on Reddit have been known to target.

Weber, Inc (NYSE: WEBR) was plunging about 12% at one point Tuesday after failing to hold above the 200-day simple moving average, despite the algorithms gapping the stock above the area to start the day.

#BedBath&Beyond

With hardly any warning, Weber (NASDAQ: WEBR ) stock garnered attention among traders recently and catapulted higher. Is this due to company-specific news, such as a terrific earnings report?

As the major equity indices clawed out of their recent doldrums, so-called Reddit stocks — particularly those with meme-ish qualities — joined in on the optimism. While social media-driven investments dominated headlines throughout 2021, this year, they grabbed the spotlight for less-than-favorable reasons.

With more than 70 years of operation, Weber presents itself as the first brand and the global category leader in outdoor cooking. In my view, if management successfully reshapes the organization, many new investors could become interested in the new company starting in 2023.

Shares of meme stock Bed Bath & Beyond Inc. BBBY, -40.54% slid another 9% in premarket trade Monday, continuing the steep fall driven by the news that investor Ryan Cohen had sold his entire stake in the home goods retailer. The troubled company's stock had skyrocketed recently, driven by the Wall Street Bets crowd on Reddit.