Company Of The Day: Bed Bath & Beyond

+20.45%
Upside
3.24
Market
3.90
Trefis
BBBY: Bed Bath & Beyond logo
BBBY
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
  1. What To Expect From Bed Bath & Beyond’s Stock Post Q1 Results?
  2. Down 54% in Six Months, What’s Next For Bed Bath & Beyond Stock?
  3. Bed Bath & Beyond Up 53% In A Month, What’s Next?
  4. Overstock.com’s Stock Rose 36% In The Last Month, Will The Rise Continue?
  5. Can Bath & Body Works Stock Rebound After A 23% Fall In a Month?
  6. 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