Shares of Bed Bath & Beyond Inc. BBBY,
inched 0.55% higher to $14.75 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX,
rising 2.47% to 4,287.50 and the Dow Jones Industrial Average DJIA,
rising 1.85% to 33,916.39. The stock’s rise snapped a three-day losing streak. Bed Bath & Beyond Inc. closed $29.76 below its 52-week high ($44.51), which the company reached on June 2nd.
The stock underperformed when compared to some of its competitors Thursday, as RH RH,
rose 3.67% to $353.00, Container Store Group Inc. TCS,
rose 2.81% to $7.68, and Macy’s Inc. M,
rose 4.38% to $25.73. Trading volume (5.4 M) remained 2.3 million below its 50-day average volume of 7.7 M.