Company Of The Day: Bed Bath & Beyond
What?
Bed Bath & Beyond stock (NASDAQ:BBBY) rallied by almost 70% in after-hours trading on Tuesday. The gains come as the company put out a series of press releases indicating that its home and baby products would be available in various Kroger stores and online starting from 2022, and also that it plans to launch a digital marketplace.
So What?
Relevant Articles
- What To Expect From Bed Bath & Beyond’s Stock Post Q1 Results?
- Down 54% in Six Months, What’s Next For Bed Bath & Beyond Stock?
- Bed Bath & Beyond Up 53% In A Month, What’s Next?
- Overstock.com’s Stock Rose 36% In The Last Month, Will The Rise Continue?
- Can Bath & Body Works Stock Rebound After A 23% Fall In a Month?
- Can BBBY’s Stock Trade Higher Post Q3 Results?
While the new plans are positive, it’s more likely that the stock price gain was driven by a short squeeze, considering that Bed Bath & Beyond is among the most heavily shorted stocks in the U.S. market.
See Our Complete Analysis For Bed Bath & Beyond
What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since 2016.
Invest with Trefis Market Beating Portfolios
See all Trefis Price Estimates