Bed Bath & Beyond Stock Soars 59% on Likely Short Squeeze

Bed Bath & Beyond’s stock rose up to 80% in after-hours trading on Tuesday to $ 30 a share after the homeware retailer announced a series of moves that likely caused what is known as a short squeeze.

Bed Bath & Beyond (ticker: BBBY) announced a partnership with grocery chain Kroger (KR) on Tuesday, noting that some of its home and baby products will be available in various Kroger stores and online from next year. The company also announced the launch of its new digital marketplace, selling third-party goods …

.

Leave a Comment