Top stocks moving after hours: Peloton, Bed Bath & Beyond and more

Bed Bath & Beyond (BBBY): Shares moved higher in after-hours trading, after surging nearly 25% on Monday, ahead of the retailer’s highly anticipated strategic update August 31. The Wall Street Journal reported last week that Bed Bath & Beyond is close to finalizing a loan of nearly $400 million as it seeks to boost liquidity. Shares of the meme stock have soared this month and on pace for a record monthly gain in August, with the stock rallying more than 170%. Bed Bath & Beyond’s gains lifted other meme favorites, including GameStop (GME) and AMC (AMC).

Best Buy (BBY): Best Buy is in focus ahead of its quarterly results before the bell Tuesday. The company cut its full year profit and sales forecast in July, citing softening demand. Best Buy CEO Corie Barry wrote “as high inflation has continued and consumer sentiment has deteriorated, customer demand within the consumer electronics industry has softened even further, leading to Q2 financial results below the expectations we…

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This article was written by and originally published on finance.yahoo.com