Shares of Bed Bath & Beyond Inc. BBBY,
rose 6.08% to $ 18.15 on Thursday, which turned out to be an all-round cheap trading session for the stock market with the S&P 500 Index SPX.
1.42% increase to 4,577.10 and the Dow Jones Industrial Average DJIA,
increased by 1.82% to 34,639.79. The stock’s surge broke a four-day losing streak. Bed Bath & Beyond Inc. closed $ 35.75 below its 52-week high ($ 53.90) the company hit on Jan. 27.
The stock outperformed some of its competitors on Thursday as RH RH,
fell 0.73% to $ 560.75, Container Store Group Inc.TCS,
rose 2.58% to $ 11.55 and Macy’s Inc. M,
rose 1.91% to $ 27.70. The trading volume (4.3 million) remained 7.0 million below its 50-day average volume of 11.3 million.