Why Bed Bath & Beyond Stock Popped 6% This Morning
Bed Bath & Beyond (NASDAQ: BBBY) stock has had a terrific year, rising 57% so far despite declining sales (and the year's not done yet). This morning, investors kept the momentum running, bidding up the shares after financial news organization Reorg Research reported that the company has chosen a new chief financial officer to replace outgoing CFO Robyn D'Elia.
Shares popped nearly 6% in response initially, and remain up 2.4% as of 11:11 a.m.
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Source Fool.com