Bed Bath & Beyond shares rebound after insider buying

Bed Bath & Beyond Inc. shares rose in Wednesday’s extended session on insider buying of shares, according to filings with the Securities and Exchange Commission.

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Shares were up 6% after the close after falling 3.7% to close the regular session at $4.47.

Interim Chief Executive Sue Gove last Friday announced it was buying 50,000 shares at $4.61 a share, while fellow board members Harriet Edelman bought 10,000 shares at $4.94 a share and Jeff Kirwan bought 10,000 shares at $4.90 a share.

Last Wednesday, Bed Bath & Beyond ousted its CEO Mark Tritton and reported disappointing quarterly results.

Analysts reported earlier this month that stores have turned down air conditioning and reduced opening hours to save money. Bed Bath & Beyond shares rebound after insider buying

Brian Lowry

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