Why Bed Bath & Beyond Shares Are Seeing Blue Skies Again

Bed Bath & Beyond Inc BBBY shares are trading higher by 25.71% to $3.54 Thursday afternoon. Shares of companies in the retail & apparel space are trading higher amid overall market strength following strong fourth-quarter earnings from Meta. Wednesday's Fed decision to raise rates by 25 basis points has also helped lift stocks.

Bed Bath & Beyond shares have also seen marked volatility in recent sessions amid continued volatility as the company considers strategic alternatives, including potential bankruptcy.

What Happened With This Week's FOMC Meeting?

Wednesday's 0.25% rate hike brings the target fed funds rate to a new range between 4.5% and 4.75%, the highest levels seen since before the 2008 financial crisis.

The move was in line with average economist expectations and comes in the wake of a downshift from the Fed in December. At its last meeting, the central bank opted for a 0.5% hike, which was preceded by four straight 0.75% rate hikes...Read More

See Also: Federal Reserve Downshifts To 0.25%: Central Bank's Pace Of Interest Rate Hikes Slows With Inflation

BBBY has a 52-week high of $30.06 and a 52-week low of $1.27.