Beleaguered home furnishings retailer Bed Bath & Beyond (BBBY) is jumping sharply higher today following news that several company insiders have recently purchased shares of the battered stock.
Most notably, CFO Gustavo Arnal purchased 15,000 shares at an average price of $13.81, followed by a 7,000 share purchase by Chief Customer Officer, Rafeh Masood.
This is great news after reporting a disappointing earnings report.