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Why Bed Bath & Beyond Stock Surged in June

TheMotleyFool

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Why Bed Bath & Beyond Stock Surged in JunePhoto, wide shot, wide-angle lens, Clothing manufacturer, neutral atmosphere, photo by Galina Stepanova: https://img.theapi.app/temp/4c710447-f68a-47bc-a682-c2d83e801596.png

Shares of home-goods retailer Bed Bath & Beyond (NASDAQ: BBBY) had a great run in June, as state and local governments in parts of the United States eased restrictions on retailers in the wake of the coronavirus pandemic.

Bed Bath & Beyond's shares gained 45.8% last month, according to data from S&P Global Market Intelligence. That far outpaced the S&P 500 index's 1.8% gain.