Why Bed Bath & Beyond Stock Was Rising Today
Shares of Bed Bath & Beyond (NASDAQ: BBBY) were climbing today on a likely short squeeze and news that the U.S. and China were getting closer to a trade agreement. Though there was no direct news out on the home goods retailer, those items seemed to give the stock a boost.
Bed Bath & Beyond shares were up 5.9% as of 3:40 p.m. EST, while the SPDR S&P Retail ETF (NYSEMKT: XRT) had gained 0.7% after trading up as much as 1.4% earlier in the day.
Image source: Getty Images.
Source Fool.com
