Bed Bath & Beyond surges as meme traders pour in amid reports the ailing retailer is prepping for bankruptcy

• Bed Bath & Beyond shares surged on reports the firm could soon file for bankruptcy.
• Meme traders pounced on the stock, sending shares up 54% on Wednesday.
• The retailer could file for bankruptcy before the end of the month, Bloomberg reported.

Bed Bath & Beyond shares surged amid reports the struggling home-goods retailer is now preparing for bankruptcy.

On Wednesday, shares were up 54% at $0.52, shortly after sources told Bloomberg that Bed Bath & Beyond was in talks with advisers and lenders to reorganize its finances.