Bed Bath & Beyond Inc. stock rose 16.8% before market open on Monday. Last week the troubled home goods retailer’s stock plunged after the company’s warning that it may need to declare bankruptcy. In a business update on Thursday the sometime meme stock darling said it has “substantial doubt” about its “ability to continue as a going concern.” The home goods retailer also said that it expects to record lower sales for the latest quarter than analysts were anticipating. Bed Bath & Beyond reports third-quarter results on Tuesday. After the business update the Wall Street Journal reported that the company plans to file for bankruptcy protection within weeks. Bed Bath & Beyond’s stock hit a 52-week low of $1.27 on Friday, and closed 95.2% off its 52-week high of $30.06, compared with the subsector average of -30.4%, FactSet data show. The stock ended Friday’s session down 22.5%, compared with the S&P 500 Index’s gain of 2.3%.
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