Bed Bath & Beyond Inc. Stock Underperforms Friday When Compared To Competitors Despite Daily Gains
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Shares of Bed Bath & Beyond Inc. (BBBY) advanced 1.80% to $3.95 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.92% to 3,992.93 and the Dow Jones Industrial Average rising 0.10% to 33,747.86. This was the stock's second consecutive day of gains. Bed Bath & Beyond Inc. closed $26.11 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 Friday, as RH (RH) rose 3.11% to $291.34, Container Store Group Inc. (TCS) rose 8.10% to $4.94, and Macy's Inc. (M) rose 4.22% to $21.01. Trading volume (13.7 M) remained 495,172 below its 50-day average volume of 14.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 11, 2022.
(END) Dow Jones Newswires
November 11, 2022 16:40 ET (21:40 GMT)
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