Barnes & Noble Education (BNED) Stock Pops 73% in Second Day of Rally
Group 1 - Barnes & Noble Education (NYSE:BNED) stock is experiencing significant volatility, with over 194 million shares traded, far exceeding its daily average of approximately 6.7 million shares [1] - The stock has a low float of 30.23 million units, which contributes to the ease of price movement and explains the recent volatility [2] - The rally in BNED stock appears to be driven by meme traders from the r/WallStreetBets subreddit, rather than any specific news from the company [3] Group 2 - As of Wednesday afternoon, BNED stock has increased by 73.3%, although it remains down 41.5% since the beginning of the year [4]