Why Bed Bath & Beyond Stock Is Soaring Today
Shares of Bed Bath & Beyond (NASDAQ: BBBY) were soaring over 10% higher in morning trading Thursday despite the home goods retailer reporting fiscal 2021 third-quarter earnings that missed analyst expectations and had management warning it would report a loss for the full year.
The stock had actually plunged by a like amount in pre-market trading. But once the stock market opened, it was off to the races for Bed Bath & Beyond as the report indicated consumers responded well to its mitigation efforts following a slower-than-expected start to the quarter.
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Source Fool.com
