Cost Plus Up 9%, Hits 52-Week High On Takeover Talk (CPWM) (BBBY)

Shares of Cost Plus, Inc. CPWM are currently up 8.9% at $10.32 per share during Friday afternoon trading. The stock has been trading higher on rumors that Bed Bath & Beyond Inc. BBBY may have plans to acquire it. Today's trading range for shares of Cost Plus, Inc has been between $9.66 and a 52-week high of $10.35 per share. The consensus price target of analysts covering Cost Plus, Inc. (CPWM) is $10.00 per share. Volume of 632,000 shares is nearly triple the daily average volume of 218,000 shares. Cost Plus, Inc. is a leading specialty retailer of casual home living and entertaining products. As of December 7, 2010, the company operates 263 stores in 30 states. Read more from Benzinga's Company news.