Why Is Bed Bath & Beyond Noticeably Soaring Today?

Bed Bath & Beyond is one of the best-performing stock markets for this week. The company has been seeing strong growth in its prices by over 56% in pre-market. After announcing a partnership, such a price increase has happened that some of its most popular baby and home products will be available for sale in Kroger (KO). The partnerships said the company will include popular products such as beds and storage, baby furniture and clothing available in some Kroger stores, and the Kroger website, which will launch next year.

1x 1In addition, the company recently announced that it plans to close its three-year $1 billion share repurchase plan two years ahead of schedule by the end of fiscal 2021. By this year, the company is already closed half of the share repurchases of almost $600 million since the end of last year. As you noticed, the remaining $400 million of the program is expected to be repurchased before the end of fiscal 2021. Bed Bath & Beyond Inc. is a pretty big company. It has a market capitalization of $1.693 billion, while the trading volume represents $45,908,28 shares.

April Sanchez

Business and Tech Reporter

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