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Why Bed Bath & Beyond Stock Surged in June

TheMotleyFool

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Why Bed Bath & Beyond Stock Surged in June

Shares of home-goods retailer Bed Bath & Beyond (NASDAQ: BBBY) had a great run in June, as state and local governments in parts of the United States eased restrictions on retailers in the wake of the coronavirus pandemic.

Bed Bath & Beyond's shares gained 45.8% last month, according to data from S&P Global Market Intelligence. That far outpaced the S&P 500 index's 1.8% gain.