Bed, Bath & Beyond shares soar as it launches online store and hits Kroger shelves

THAT WHAT? Bed, Bath & Beyond stocks rose sharply last week after the retailer released a trio of positive news releases on Tuesday, according to a Wall Street Journal report.

THE DETAILS The US homeware maker announced that it plans to complete its $ 1 billion share buyback program later this year, about two years ahead of schedule. It will also launch a new online shop and sell its range through Kroger (online and in-store) from early 2022.

WHY? The Wall Street Journal reports that the stock price jump was likely caused by short sellers, with around 28 percent of the free float being sold short.

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