Shares of Bed Bath & Beyond Inc.
shed 5.7% in afternoon trading Tuesday, putting them on track to suffer the biggest monthly decline in nearly three years, or well before the “meme”-stock rocket ride seen in early 2021. The home goods retailer’s stock has been trending lower, falling in 13 of the past 15 sessions, since the company announced plans to sell convertible preferred shares in an effort to stave off bankruptcy. The stock has now plunged 50.
shed 5.7% in afternoon trading Tuesday, putting them on track to suffer the biggest monthly decline in nearly three years, or well before the “meme”-stock rocket ride seen in early 2021. The home goods retailer’s stock has been trending lower, falling in 13 of the past 15 sessions, since the company announced plans to sell convertible preferred shares in an effort to stave off bankruptcy. The stock has now plunged 50.