Bed Bath & Beyond Inc. Stock Falls Monday, Underperforms Market
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Shares of Bed Bath & Beyond Inc. (BBBY) slipped 7.99% to $3.11 Monday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.39% to 3,949.94 and Dow Jones Industrial Average falling 0.13% to 33,700.28. This was the stock's sixth consecutive day of losses. Bed Bath & Beyond Inc. closed $26.95 below its 52-week high ($30.06), which the company reached on March 7th.
The stock underperformed when compared to some of its competitors Monday, as RH (RH) fell 4.30% to $263.12, Container Store Group Inc. (TCS) fell 0.44% to $4.48, and Macy's Inc. (M) rose 2.02% to $22.68. Trading volume (10.9 M) remained 1.3 million below its 50-day average volume of 12.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 21, 2022.
(END) Dow Jones Newswires
November 21, 2022 16:40 ET (21:40 GMT)
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