Stock in Weber Inc.
shot to their biggest one-day gain in history in Thursday afternoon trading. Shares of the grill maker were more than 25% higher in late trading, easily its best day on Wall Street since going public about a year ago — shares are up 17.8% from IPO price on its first day of trading and have not had a stronger one-day percentage increase since then. Shares rallied earlier this month after that an unexpected quarterly loss led to the company’s planned cost-cutting, including layoffs and suspension of the dividend. Weber also has is mentioned as a stock with high short interest and a small market float, a setup that traders who flock to Reddit have been known to target stocks such as Bed Bath & Beyond Inc.