Bed Bath & Beyond's interim CEO and fellow board members buy a big chunk of stock following the ouster of the previous CEO last week.
Bed Bath & Beyond Inc. stock rose in the extended session Wednesday following insider purchases of shares, according to filings with the Securities and Exchange Commission.
Bed Bath & Beyond BBBY, -3.66% shares surged 6% after hours, following a 3.7% decline to close the regular session at $4.47. Interim Chief Executive Sue Gove reported the purchase of 50,000 shares at $4.61 a piece this past Friday, while fellow board members Harriet Edelman bought 10,000 shares at $4.94 a piece and Jeff Kirwan purchased 10,000 shares for $4.90 a piece.
Last Wednesday, Bed Bath & Beyond ousted its CEO Mark Tritton and reported disappointing quarterly results. Analysts had reported earlier in the month that stores were turning down air conditioning and reducing hours to save money.
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