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Bed Bath & Beyond Inc. shares soared as much as 70% on Tuesday before retreating to close up 29%, defying recent analysts’ warnings over the retailer’s exaggerated valuation given its shrinking liquidity.
The stock of the home-goods company changed hands at as high as $28.04 a share intraday and closed at $20.65, surging from $8.88 on Aug. 9.
The post Bed Bath & Beyond Shares Surge Despite Liquidity Concerns appeared first on HumanitasConnects.
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