Bed Bath & Beyond Inc. Stock Falls Wednesday, Underperforms Market
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Shares of Bed Bath & Beyond Inc. (BBBY) took a -11% dive 11.50% to $3.54 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 2.08% to 3,748.57 and Dow Jones Industrial Average falling 1.95% to 32,513.94. Bed Bath & Beyond Inc. closed $26.52 short of its 52-week high ($30.06), which the company achieved on March 7th.
The stock underperformed when compared to some of its competitors Wednesday, as RH (RH) fell 1.77% to $253.47, Container Store Group Inc. (TCS) fell 5.87% to $4.33, and Macy's Inc. (M) fell 4.92% to $18.75. Trading volume (11.9 M) remained 5.6 million below its 50-day average volume of 17.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 9, 2022.
(END) Dow Jones Newswires
November 09, 2022 16:39 ET (21:39 GMT)
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