The Clap
Bed Bath & Beyond (NASDAQ:BBBY) saw its stock surge a whopping 68.60% following speculation that it may be a prime merger & acquisition target.
What
The stock has rebounded in the past few days as cost-cutting measures aid in making the business look more attractive for a potential buyout.
The company is exploring possible courses of action, including bankruptcy, after a challenging year added pressure on the company.
So What
The stock is still down around 31% over the past 6 months, meaning it still has a long way to go for recovery.
Now What
The stock was the third most traded stock across all US exchanges in Wednesday’s session, surging more than 70% over the past 5 days.
