Over 1 Year Ago
2 Min Read

Shares of WEBR are trading 26% higher today. Lets find out what's happening:



Shares of Weber Inc - Class A (WEBR) are trading 26% higher at a price of $9.915 at the time of this writing. Shares of the stock are rapidly outshining other names in the space on what is turning out to be a slightly melancholic day for the Consumer Discretionary sector.

  •  Citi rated the stock a “Sell” on Wednesday

Weber Inc - Class A has been trading between a 52-week high of $18.21 and a 52-week low of $5.69. The stock has a market cap of $526 Million.

Weber Inc., headquartered in Palatine, IL, is the world’s leading barbecue brand. The company’s founder George Stephen, Sr. established the outdoor cooking category when he invented the original charcoal grill nearly 70 years ago. Weber offers a comprehensive, innovative product portfolio, including charcoal, gas, pellet and electric grills, smokers, and accessories designed to help outdoor cooking enthusiasts discover what’s possible.

Headlines


NYSE:WEBR Investor Notice: Lawsuit Alleges Misleading Statements by Weber Inc.
SBWire 08-18-22

DEADLINE ALERT for WEBR, CVNA, TUYA, LFST: Law Offices of Howard G. Smith Reminds Investors of Class Actions on Behalf of Shareholders
GlobeNewswire 08-17-22

Sell Weber Stock, Citi Says. It''s Worried About Leverage.
Barron''s 08-17-22

Weber Inc. Downgraded by Citi on ''Too Many Concerns''
Investing.com 08-17-22

Futures Tumble After UK Double-Digit Inflation Shock Sparks Surge In Yields
Zero Hedge 08-17-22


As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

Monkey_PoXXX - 19 upvotes - source
Ok, everybody needs to calm the fuck down and look at the market manipulation that is happening. It’s still one of the most heavily shorted stocks. The Hedgemites are doing everything they can to drop the price. If we keep buying and holding, ultimately, we’ll win. It’s the same deal as GME 1.0. Deep breaths, grab a drink, and hang tight. This is a game of chicken, don’t flinch!!! Apes together are STRONG! Edit 1: $BBBY has a SI of 55%, same as $APRN. $WEBR is at 57%… these are the TOP 3 most shorted stocks, WTAF would anybody holding sell right now? BUY AND HOLD… buy me a Lambo as a thank you with your eventual tendies. We pushed yesterday and then had a large volume dump to offset… the exact same thing happened again today. But ask yourself, how many whales are left and why do they keep dumping if not to cover the shorts…. PAY ATTENTION!!!

Heineken_500ml - 6 upvotes - source
LOL WEBR going to $50 come on ![img](emote|t5_2th52|4275)

corey0810 - 6 upvotes - source
WEBR shhheeesshh

Irreversible_Tide - 6 upvotes - source
WEBR Getting SPICY

Ursle - 5 upvotes - source
Now WEBR is pumping? This shit is great.

Competitive_Ride - 5 upvotes - source
No idea what WEBR does but sounds provocative

HBOMinimum - 5 upvotes - source
Apes waiting until WEBR is $30 before FOMOing in

sonofalando - 4 upvotes - source
All in on WEBR ![img](emote|t5_2th52|4735)

Irreversible_Tide - 4 upvotes - source
WEBR GOING

I-nigma - 4 upvotes - source
Webr only has a 3% short interest. Not touching that.