Why Bed Bath & Beyond Is Trading Higher Today
Bed Bath & Beyond (NASDAQ: BBBY) bounded out of the gate on Thursday and was up 8% at midday on no apparent company-specific news.
The markets were generally higher as oil prices rose following their historic plunge, and some states are allowing retail stores to open once again, including South Carolina and Georgia, as the worst of the coronavirus pandemic seems to have passed.
While most states remain locked down and any recovery will be slow to come, the decision to allow some areas to begin returning to normal may have heartened investors.
Source Fool.com
