December 7, 2022

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December 7, 2022

Weber stock rises by more than 25% and heads towards the best day of its history

 Weber stock rises by more than 25% and heads towards the best day of its history

Weber Inc. (WEBR, +27.23% / 10USD)WEBR shares rose to their highest one-day gain since January 1, 2015. In late trading, the stock of the grill manufacturer was more than 25% higher than its IPO price. This would be easily its highest day on Wall Street since it went public about a year ago. Shares rose 17.8% in their first day trading and have not seen a greater single-day percentage increase since. After unexpected quarterly losses, shares rose earlier in the month. The company also planned to reduce costs including cutting employees and suspending its dividend. Weber has been mentioned in the stock’s short interest and small stock float. This setup is what Reddit traders have used to target stocks like Bed Bath & Beyond Inc. , -19.63%

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