Tag Archives: Bath

Bed Bath & Beyond (BBBY): Shares moved higher in after-hours trading, after surging nearly 25% on Monday, ahead of the retailer’s highly anticipated strategic update August 31. The Wall Street Journal reported last week that Bed Bath & Beyond is close to finalizing a loan of nearly $400 million as it seeks to boost liquidity. Shares of the meme stock have soared this month and on pace for a record monthly gain in August, with the stock rallying more than 170%. Bed Bath & Beyond’s gains… Source link

Top trending tickers in after-hours trading: Applied Materials (AMAT): The semiconductor equipment maker issued bullish guidance despite supply-chain challenges, sending shares higher in after hours. AMAT forecasted fourth-quarter revenue of $6.65 billion, above the Street’s estimates. In the earnings release, CEO and President Gary Dickerson noted “We feel confident in our ability to navigate macroeconomic headwinds and remain very positive about the long-term strength of the… Source link

Retail traders were quick to flock to the side of Chewy Inc (NYSE: CHWY) founder and GameStop Corp (NYSE: GME) chair Ryan Cohen when he purchased a stake in Bed Bath & Beyond Inc (NASDAQ: BBBY) in March. Less than six months later, Cohen has filed intent to sell his stake in the embattled retailer and accusations are flying. One institutional investor has suggested that Cohen used retail investors to pump the stock for his own benefit. What To Know: Luke Lloyd, wealth advisor… Source link

Amid the renewed retail investor interest in meme stocks, it’s Bed Bath & Beyond that has taken the crown from former heavyweights AMC and GameStop. Bed Bath & Beyond stock (BBBY) skyrocketed by nearly 70% in afternoon trading on Tuesday as Reddit traders speculated on a massive short squeeze. Shares were originally down around 3% in pre-market trading today following a stunning 23% pop on Monday. The two days of gains came as enthusiastic traders on Reddit hyped the struggling retailer and Source link

Bed Bath & Beyond has entered the retail death spiral that pulled once-proud retail chains such as Sears and Circuit City into the grave, according to one analyst. In a new note to clients on Friday, Loop Capital analyst and vocal Bed Bath & Beyond critic Anthony Chukumba reiterated a sell rating and $1 price target on the stock. Shares rose 20% as of 1:10 p.m. ET in Friday’s session on continued speculation that Bed Bath & Beyond is nearing a capital raise to bolster its dwindling cash… Source link

Meme stocks are having a moment. Again. Shares of Bed, Bath & Beyond (BBBY), GameStop (GME), and AMC (AMC) were all surging on no news as of Monday morning, aside from renewed attention on these names from the traders on Reddit’s Wallstreetbets message board investors came to know in early 2021. According to data from Ape Wisdom, a site that tracks ticker mentions on Wallstreetbets threads, mentions of Bed, Bath & Beyond, GameStop, and AMC have surged in the last 24 hours and are the three… Source link

Bed Bath & Beyond has one foot in the grave and may be at risk of being pulled six feet under, one former retail CEO warned. “Bed Bath & Beyond is in a world of hurt because they have burned an enormous amount of available cash, their business has no forward momentum, and now as we all know they have an enormous leadership gap that they will have to fill,” Mark Cohen, Columbia University professor of retail studies and former long-time CEO of Sears Canada, said on Yahoo Finance Live (video… Source link

Activist investor Jonathan Duskin at Macellum Capital Management fought a failed management team at Bed Bath & Beyond and won big in 2019. Duskin — whose successful campaign led to a board overhaul and ultimately the addition of current Bed Bath & Beyond CEO Mark Tritton — tells Yahoo Finance Live what GameStop Chairman Ryan Cohen is doing with the home goods retailer makes sense. “Ryan has a great following and is very well respected,” Duskin says. “I think we’ve articulated there is a… Source link

Beyond disappointing. That’s the overarching theme behind a scathing new note from GameStop Chairman Ryan Cohen to the board of Bed Bath & Beyond (BBBY). The Chewy billionaire turned wanna-be-savior of once proud retail organizations has disclosed a 9.8% stake in Bed Bath & Beyond. Cohen says Bed Bath & Beyond’s execution under CEO Mark Tritton has bordered on terrible, compensation is not realistic and the business should be split up (Buy Buy Baby business sold off) and then sold in entirety… Source link

Given Mark Tritton’s extensive retail resume — consisting of opening fancy flagship stores for luxury retailer Nordstrom to bringing cheap chic back to Target’s home department — it’s not a shock the Bed Bath & Beyond CEO knew things had to seriously change inside the company’s most recognizable location of all positioned on 620 Sixth Avenue in New York City.  When Tritton walked into the ginormous 92,000-square-foot store in December 2019 soon after he took over as CEO, he knew that… Source link