Bed Bath & Beyond Warned of Bankruptcy. Then Its Stock Soared 166%.



Bed Bath & Beyond


shareholders face a growing risk that they may very well be worn out in bankruptcy, but you wouldn’t know that by taking a look at the retailer’s stock this week.

Bed Bath stock (ticker: BBBY) rose one other 69%, to $3.49 a share, in Wednesday trading, which brings this week’s gains to 166%. The stock is now trading at early-December levels, which is noteworthy provided that the corporate’s management said in a Securities and Exchange Commission filing last week that it was considering filing for bankruptcy. Bankruptcy generally plays out poorly for stockholders.

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