Bed Bath & Beyond jumps 14% after reported loan deal - Breaking The News
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Bed Bath & Beyond jumps 14% after reported loan deal

EPA-EFE/CJ GUNTHER

Bed Bath & Beyond Inc. soared over 30% at one point on Wednesday before easing its gains to 14% in light of United States media reports that said the company secured a loan agreement with a bank.

The deal is expected to help the company's liquidity and encourage its suppliers, The Wall Street Journal reported earlier in the day.

Bed Bath & Beyond's shares increased by 14.07% at 1:19 pm ET on Wednesday. The stock price is down 65.54% over the past year, but it almost doubled over the last month.

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