
BBBY Shares Plunge 24% as Bed Bath & Beyond Hints at Bankruptcy
Amid the growing concern in the shares of BBBY, the stock is down by as much as 23.23% after previously hitting an All-Time Low (ATL).
Amid the growing concern in the shares of BBBY, the stock is down by as much as 23.23% after previously hitting an All-Time Low (ATL).
The shares of Bed Bath & Beyond have been considered a meme stock in the past year, and the company said it was selling some of its stock last month to finance some of its core operations.
While the overall outlook of the firm was further dampened with star investor Ryan Cohen offloading a huge chunk of his stake in the company, Bed Bath is committed to winning back the confidence of its customers, investors, and suppliers.
After GameStop chairman Ryan Cohen revealed that he owned 10% of Bed Bath, the merchandise retailer saw its shares climb.