Bed Bath & Beyond shares rocket 25% in afternoon trade as Reddit crowd cheer it on

Bed Bath & Beyond Inc. shares
BBBY,
+23.55%
rocketed 25% in afternoon trade Monday, putting them on track for 13 gains in 14 sessions, as the Reddit crowd that made it a meme stock again embraced it. Volume of 127 million shares traded was more than eight times the 65-day average of 15 million shares traded in a single day. The stock has been on a tear with no real news driving the move, but participants on Reddit’s WallStreetBets forum were celebrating the gains. The stock has gained about 9% in the year to date, outperforming the S&P 500
SPX,
+0.40%,
which is down 10%.