May 22, 02:14 PM

Barnes & Noble Education Stock Surges Over 92%, 500% Call Option Increase Amid Short Squeeze and Potential Dilution

Barnes & Noble Education (BNED) has experienced a significant surge in its stock price, rising by over 92.6% to $1.04, driven largely by social media and Reddit mentions. The stock's rise, up 85%, has been accompanied by a substantial increase in short volume, which jumped by 945% from 6,894,295 on May 20 to 72,077,734 on May 21. This has led to a short squeeze, with the price of June $0.50 call options increasing from $0.15 to $0.80, a 500% increase. Despite the surge, some investors are concerned about potential dilution, as those selling shares have the right to vote for a dilution at $0.05 in two weeks. The market cap of BNED remains below $30 million, and the stock has become a focal point of speculative trading. Trading was halted for volatility.

#BNED #Reddit

Written with ChatGPT (GPT-4o).

Sources

Ina, Trash Mama@IBuyCheapNPray
2 years ago
I sold $BNED for a 38% gain. When life gives you lemons, eat each one of them, ferociously. @theotheraharon @stoked_on_waves https://t.co/fp7bsr4veh https://t.co/jsCVXUea0n
RiskZilch@RiskZilch
2 years ago
$BNED Buy a Tulip instead. I thought GME was the height of meme crazy, but arguably BNED is worse. Originally i thought takeover, or plans to scupper the shareholder meeting, but the volume is just too high. This meme has a cut off date, the shareholder meeting, when the shares…
Ina, Trash Mama@IBuyCheapNPray
2 years ago
Anyone knows what’s going on with $BNED? Why am I up 30% lol? @stoked_on_waves https://t.co/3XtwAwjLl1

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