Shares of Bed Bath & Beyond Inc. BBBY,
soared 23.55% to $16.00 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX,
rising 0.40% to 4,297.14 and the Dow Jones Industrial Average DJIA,
rising 0.45% to 33,912.44. This was the stock’s fourth consecutive day of gains. Bed Bath & Beyond Inc. closed $14.14 short of its 52-week high ($30.14), which the company reached on August 26th.
The stock outperformed some of its competitors Monday, as RH RH,
rose 1.57% to $312.40, Container Store Group Inc. TCS,
fell 2.03% to $7.73, and Macy’s Inc. M,
remained unchanged. Trading volume (162.3 M) eclipsed its 50-day average volume of 17.8 M.