Why Bed Bath & Beyond Is Soaring Today
Shares of Bed Bath & Beyond (NASDAQ: BBBY) are soaring 20% higher at 11:11 a.m. ET on Tuesday on a day when the S&P 500 is up 41 points, or just over 1%, in comparison.
The surge in the home goods retailer's stock follows a report in The Wall Street Journal this morning noting Bed Bath & Beyond, along with other troubled retailers, has secured financing in recent weeks to make it through the holiday season.
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Source Fool.com
