Bed Bath & Beyond (BBBY) Shares are Up 1.06%

Bed Bath & Beyond (BBBY) has been under a strong bear grip, hence the stock is down -0.19% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.12% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.06% in the last 1 week, and is up 3.17% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 1.69% and the 50-Day Moving Average is 2.64%. Bed Bath & Beyond Inc. has dropped 4.53% during the last 3-month period . Year-to-Date the stock performance stands at -6.57%.


Bed Bath & Beyond (NASDAQ:BBBY): stock turned positive on Friday. Though the stock opened at $43.97, the bulls momentum made the stock top out at $44.99 level for the day. The stock recorded a low of $43.8596 and closed the trading day at $44.95, in the green by 2.00%. The total traded volume for the day was 2,474,692. The stock had closed at $44.07 in the previous days trading.

Also, Equity Analysts at the Credit Suisse maintains the rating on Bed Bath & Beyond (NASDAQ:BBBY). The brokerage firm has issued a Neutral rating on the shares. The Analysts at the ratings agency lowers the price target from $46 per share to $41 per share. The rating by the firm was issued on June 23, 2016.

Bed Bath & Beyond Inc. and subsidiaries is a retailer selling an assortment of domestics merchandise and home furnishings, which operates under the names Bed Bath & Beyond, Christmas Tree Shops, Christmas Tree Shops andThat! or andThat!, Harmon or Harmon Face Values, buybuy BABY and World Market, Cost Plus World Market or Cost Plus. Customers can purchase products from the Company either in-store, online or through a mobile device. In addition, the Company operates Of a Kind, an e-commerce Website that features specially commissioned, limited edition items from emerging fashion and home designers. It also operates Linen Holdings, a provider of a variety of textile products, amenities and other goods to institutional customers in the hospitality, cruise line, healthcare and other industries. The Company is a partner in a joint venture which operates retail stores in Mexico under the name Bed Bath & Beyond. It sells an assortment of domestics merchandise and home furnishings.

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