Strength Seen in Bed Bath & Beyond (BBBY): Stock Soars 9.9%

Bed Bath & Beyond Inc. BBBY was a big mover last session, as the company saw its shares rise nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 75.3% in the past one-month time frame.

The upmove came after the company announced that it is partnering with Shipt to offer same-day delivery to customers to further boost its online sales.

The company has seen four positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Bed Bath & Beyond. So, make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Bed Bath & Beyond currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.

Bed Bath Beyond Inc. Price
 

Bed Bath Beyond Inc. price | Bed Bath Beyond Inc. Quote

Investors interested in the Retail - Miscellaneous industry may consider Hibbett Sports Inc HIBB, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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