Bed Bath & Beyond Inc. (BBBY) shares soared 67.46% in after-hours on Tuesday, November 02, 2021, and closed the daily trading at $28.05. Even in the regular trading session, BBBY’s stock gained 9.62%. BBBY shares have fallen 17.08% over the last 12 months, and they have moved up 18.54% in the past week. Over the past three months, the stock has lost 38.26%, while over the past six months, it has declined 31.32%.
Let’s have a look at its recent news and developments.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
>> 7 Top Picks for the Post-Pandemic Economy <<
BBBY share repurchase program
On November 2, 2021, Bed Bath & Beyond Inc. (BBBY) announced that it expects to complete its $1 billion three-year share repurchase plan by the end of fiscal 2021, two years ahead of schedule.
Read More
- Top 3 Cannabis Stocks for long-term Investment
- 3 Best Telehealth Stocks to Watch For in 2021
The company has completed $600 million in share repurchases since the end of fiscal 2020 and looking to repurchase the remaining $400 million of the program by the end of fiscal 2021.
The total expected share repurchase amount for fiscal 2021 has now increased to approximately $625 million, nearly doubling the initial share repurchase plan of $325 million for the current fiscal year.
Redefining business model
On November 2, 2021, Bed Bath & Beyond Inc. (BBBY) launched its new digital marketplace to build on the Company’s existing authority in key Home & Baby categories. The marketplace will expand its range of key products from a highly curated selection of third-party brand partners that will be seamlessly integrated into the Bed Bath & Beyond digital platform.
BBBY collaboration with The Kroger
On November 2, 2021, Bed Bath & Beyond Inc (BBBY) and The Kroger Co. (KR) signed a strategic collaboration to directly offer Kroger customers an extensive selection of the most sought-after goods for the home and baby products carried by Bed Bath & Beyond.
The multi-category omnichannel collaboration will include Bed Bath & Beyond’s popular items such as bedding and storage to baby furniture and gear and buybuy Baby’s assortment.
BBBY on Uber Eats
On November 1, 2021, Uber Technologies, Inc. (UBER) announced that Bed Bath & Beyond (BBBY) and buybuy BABY® products will be available in the Uber Eats app. This new partnership will make it easier than ever for parents to get all of their babies, kids and family essentials on-demand and delivered right to their door, such as diapers and wipes, first aid kits and bath toys, as well as a wide variety of Bed Bath & Beyond’s offering for the home, all at the tap of a button.
>> 7 Top Picks for the Post-Pandemic Economy <<
Conclusion
Well, we have plenty of positive news from yesterday, which took BBBY stock to new heights. We can expect it to continue to perform well in the coming trading session as well.
