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. Quite a few brick-and-mortar retail-chain operators gained ground in June, on rising investor optimism around consumer-discretionary spending as stores reopened.