WEBR Stock Recent News

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.

Shares in grill maker Weber (NASDAQ: WEBR ) surged 27% Aug. 18. WEBR stock rose further overnight on speculation it could be the next Bed, Bath & Beyond (NASDAQ: BBBY ).

Shares in Weber Inc. WEBR, +27.22% shot toward their biggest one-day gain on record in Thursday afternoon trading. The grill maker's stock was more than 25% higher in late trading, which would easily be its best day on Wall Street since going public roughly a year ago --- shares rose 17.8% from the IPO price in their first day of trading, and have not experienced a stronger single-day percentage gain since.

Yahoo Finance anchors Brad Smith and Brian Sozzi discuss analyst stock ratings for grill maker Weber.

Investors should keep an eye on Weber's liquidity position as sales and profitability are likely to get worse, Citi says.

Weber Inc. (NYSE:WEBR ) Q3 2022 Results Conference Call August 15, 2022 8:30 AM ET Company Participants Brian Eichenlaub - VP, IR and Treasurer Alan Matula - Interim CEO Bill Horton - CFO Conference Call Participants Robby Ohmes - Bank of America Simeon Siegel - BMO Capital Markets Kate McShane - Goldman Sachs Megan Alexander - JPMorgan Chris Carey - Wells Fargo Arpine Kocharyan - UBS Investment Bank Operator Good morning, and welcome to the Weber Inc.'s Third Quarter Earnings Call for Fiscal 2022. All lines have been placed on mute to prevent any background noise.

Financial results weren't surprising but management's plan was.