Bed Bath & Beyond (NASDAQ: BBBY) shares are on the move on Monday, climbing as much as 58% higher before falling back significantly. There is some company-specific news and an analyst price target raise, but the move appears at least partially tied to ticker confusion on what is a very chaotic day on Wall Street.
Bed Bath & Beyond came into 2021 as an intriguing idea for a retail turnaround investment, the stock having nearly doubled in the second half of 2020 as the home goods retailer shed some underperforming businesses and streamlined operations.
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Why Shares of Bed Bath & Beyond Are Soaring Today