Business
Bed Bath & Beyond was warned of bankruptcy. Then its shares skyrocketed 166%.
Outdoor shower bed
Shareholders face a growing risk that they could go bankrupt, but you wouldn’t know if you looked at the retailer’s stock this week.
Bed Bath stock (ticker: BBBY) added 69%, to $3.49 a share, in Wednesday trading, bringing this week’s gain to 166%. The stock is currently trading at early-December levels, which is worth noting as the company’s management said in a Securities and Exchange Commission filing last week that it is consider filing for bankruptcy. Bankruptcy often goes badly for shareholders.