Why Bed Bath & Beyond Stock Plunged on Tuesday

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Why Bed Bath & Beyond Stock Plunged on Tuesday

Motley Fool2022-08-10

What happenedShares of Bed Bath & Beyond sank on Tuesday, reversing some of their recent gains. By the close of trading, the retailer's stock price was down more than 14%.So whatBefore today, Bed Bath...

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Bash
·2022-08-10
Like pls, thank you
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michaelchan8
·2022-08-10
More like its time to stop listening to the fool.
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Greybanana
·2022-08-10
Lol this dude wants you to sell so that his firm can profit from their shorts.
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By the close of trading, the retailer's stock price was down more than 14%.So whatBefore today, Bed Bath...</p>\n\n<a href=\"https://www.fool.com/investing/2022/08/09/why-bed-bath-beyond-stock-plunged-today/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BBBY","symbol_name":"3B家居","start_time":0,"source_url":"https://www.fool.com/investing/2022/08/09/why-bed-bath-beyond-stock-plunged-today/","article_id":"2258259328","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2258259328","pubTimestamp":1660094502,"sourceInfo":{"source_id":"fool_stock","name":"Motley Fool"},"weMediaInfo":null,"summary":"It's time to sell, according to this analyst.","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BBBY":"3B家居"},"translate_title":"为什么Bed Bath&Beyond股票周二暴跌","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BBBY":1},"content_text":"What happenedShares of Bed Bath & Beyond sank on Tuesday, reversing some of their recent gains. By the close of trading, the retailer's stock price was down more than 14%.So whatBefore today, Bed Bath & Beyond's shares had soared 124% over the prior month. It appears to have gotten caught up in the latest meme stock craze. Other companies popular among individual traders, such as GameStop and AMC Entertainment, have also seen their shares surge in recent weeks amid the buying frenzy.Yet Baird analyst Justin Kleber believes Bed Bath & Beyond has rallied too far, too fast. On Tuesday, Kleber cut his rating on its stock from neutral to underperform. He sees its share price falling roughly 60% to $4.Kleber believes traders drove up the struggling retailer's stock price beyond what could be justified by the fundamental value of its business. As evidence, he noted Bed Bath & Beyond's steep market-share losses and negative cash flow.Now what Bed Bath & Beyond reported brutal fiscal 2022 first-quarter results in late June. 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