Barnes & Noble Education (NYSE: BNED ) stock is continuing to rally on Wednesday as the college bookstore chain is experiencing volatility this week. With this volatility comes heavy trading of the company's shares.
It appears members of the infamous r/WallStreetBets subreddit on Reddit are targeting Barnes and Noble ( BNED ) stock. Indeed, the downtrodden book retailer closed up by more than 70% on Tuesday, hinting at a potential short squeeze in the making.
Barnes & Noble Education (NYSE: BNED ) stock is down on Monday as the college and university campuses bookstore company's shares come off of a spectacular rally on Friday. Shares of BNED stock underwent a 126.3% rally on Friday that came alongside heavy trading of its shares.