Bed Bath & Beyond (BBBY) Surges: Stock Moves 6% Higher
Bed Bath & Beyond Inc. BBBY was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $17.53 to $18.96 in the past one-month time frame.
The move came after the company received an analyst upgrade from Raymond James.
The company’s Zacks Consensus Estimate for the current quarter has moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Bed Bath & Beyond currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.
Bed Bath & Beyond Inc. Price
Bed Bath & Beyond Inc. Price | Bed Bath & Beyond Inc. Quote
A better-ranked stock in the Retail – Miscellaneous industry is Five Below, Inc. FIVE, which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is BBBY going up? Or down? Predict to see what others think: Up or Down
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