Bed Bath & Beyond leads retail frenzy

Cenntro (The)

03/11/2021 11:37

** Shares of Bed Bath & Beyond Inc  BBBY.O  surge 59.6% to
$26.73 premarket - among most actively traded across U.S.
exchanges
    ** BBBY stock also rose around 70% in extended trading hours
on Tuesday after the company announced partnership with Kroger
Co  KR.N   urn:newsml:reuters.com:*:nL1N2RT2CB
    ** Under partnership, co to directly offer KR customers
extensive selection of home and baby products through
Kroger.com, and a small-scale physical store pilot at select KR
stores beginning in 2022
    ** About 29% of BBBY free float is in short position, Ortex
data showed
    ** Shares of retail favorites including AMC  AMC.N , Koss
Corp  KOSS.O , GameStop Corp  GME.N , Naked Brand Group  NAKD.O 
and U.S.-listed shares of BlackBerry  BB.N  rise between 5% and
7%       
    ** At current levels, BBBY is set to erase YTD declines of
~6% 

 (Reporting by Shreyashi Sanyal)
 ((Shreyashi.Sanyal@thomsonreuters.com; Twitter: https://twitter.com/s_shreyashi;))