Why Bed Bath & Beyond and Other Retail-Chain Stocks Are Rising Today

Shares of several retail-chain operators were rising on Monday, amid a broad-based market rally as investors grew more optimistic about the development of a COVID-19 vaccine. 

Here's where things stood for these four companies' stocks as of 12:15 p.m. EDT today relative to their closing prices on Friday.

The broad market's rally on Monday was driven by news that interim data from an early study of a COVID-19 vaccine developed by Moderna (NASDAQ: MRNA) showed positive results. While an approved mass-produced vaccine is still months way (at best), investors took it as a good sign. Shares of many companies hit hard by the virus were trading higher by midday.

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Source Fool.com