Bed Bath & Beyond Inc. Stock Falls Tuesday, Underperforms Market
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Shares of Bed Bath & Beyond Inc. (BBBY) slipped 0.27% to $3.73 Tuesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.87% to 3,991.73 and the Dow Jones Industrial Average rising 0.17% to 33,592.92. This was the stock's second consecutive day of losses. Bed Bath & Beyond Inc. closed $26.33 below its 52-week high ($30.06), which the company achieved on March 7th.
The stock underperformed when compared to some of its competitors Tuesday, as RH (RH) rose 3.81% to $296.10, Container Store Group Inc. (TCS) rose 1.25% to $4.86, and Macy's Inc. (M) rose 4.48% to $21.44. Trading volume (14.6 M) eclipsed its 50-day average volume of 13.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 15, 2022.
(END) Dow Jones Newswires
November 15, 2022 16:40 ET (21:40 GMT)
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