What In The World Is Going On With Bed Bath & Beyond Shares

Bed Bath & Beyond Inc BBBY shares are trading higher by some 27.5% to $1.67 Monday afternoon. Shares are trading higher as the stock rebounds after falling last week following reports of a potential bankruptcy.

What Happened Last Week?

Bed Bath & Beyond shares plunged last Thursday morning after the company provided a business update including preliminary estimated earnings results. 

Bed Bath & Beyond expects third-quarter revenue to come in around $1.259 billion, which would be down from $1.878 billion year-over-year. The home furnishings retailer said its softer top-line results are being driven by lower customer traffic and reduced levels of inventory availability, among other factors...Read More

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According to data from Benzinga Pro, BBBY has a 52-week high of $30.06 and a 52-week low of $1.27.