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Fasten your seatbelts and expect a bumpy ride, Cramer said.
In Bed Bath & Beyond and Walgreens selloffs, investors may be too skeptical on growth acquisitions.
Cost Plus (Nasdaq:CPWM) hit a new 52-week high Friday as it is currently trading at $21.99, above its previous 52-week high of $21.97 with 584,014 shares traded as of 3:19 p.m. ET. Average volume has been 696,600 shares over the past 30 days.
Bed Bath & Beyond's M&A-fueled stock gains may prove the case for C-suite risk taking.