Bed Bath & Beyond (NASDAQ:BBBY) : Traders are bullish on Bed Bath & Beyond (NASDAQ:BBBY) as it has outperformed the S&P 500 by a wide margin of 0.51% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.75%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.04% in the last 1 week, and is up 2.14% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have dropped -35.66% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $69.69 and the one year low was seen on Jun 23, 2016. The 50-Day Moving Average price is $43.66 and the 200 Day Moving Average price is recorded at $46.13.
The stock has recorded a 20-day Moving Average of 3.02% and the 50-Day Moving Average is 1.03%.
Bed Bath & Beyond (NASDAQ:BBBY): stock turned positive on Friday. Though the stock opened at $43.81, the bulls momentum made the stock top out at $44.5699 level for the day. The stock recorded a low of $43.48 and closed the trading day at $44.46, in the green by 2.47%. The total traded volume for the day was 1,849,757. The stock had closed at $43.39 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Temares Steven H, director officer (Chief Executive Officer) of Bed Bath & Beyond Inc, had unloaded 223,678 shares at an average price of $45.81 in a transaction dated on May 10, 2016. The total value of the transaction was worth $10,246,689.
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.