Bed Bath & Beyond surges over 32.0% despite bankruptcy concerns

Bed Bath & Beyond (BBBY.US) shares more than 32.0% in another volatile session, as buyers attempt to erase some of the recent heavy losses as the WSJ reported that the struggling home goods retailer was preparing to file for bankruptcy within weeks as it may soon not be unable to cover costs as sales lag and store traffic dwindles. The final decision will be known most likely tomorrow, during presentation of latest quarterly results, which will take place before market open.

Bed Bath & Beyond (BBBY.US) stock bounced off fresh all-time low at $1.2750 and traders should expect increased volatility during tomorrow’s session. Source: xStation5

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