Tag Archives: Bed

[unable to retrieve full-text content]Bed Bath & Beyond shares gain 92% as meme stocks soar  Yahoo Finance Source link

Bed Bath & Beyond is cleaving off an arm in an effort to conserve cash in what could be its final hours. A source told Yahoo Finance the company informed workers on Thursday that all of its Harmon brand stores would be closed as the embattled retailer continues on its downward trend. Harmon — which mostly focuses on the sale of beauty products — operated about 52 stores in six states, according to the company’s most recent annual report. A store employee at at NYC location told Yahoo… Source link

Bed Bath & Beyond (BBBY) stock cratered Thursday after the embattled retailer revealed in a new regulatory filing it was hit with a default notice from JPMorgan and does not have adequate funds to repay its loans. This coming while the company again warned it may be forced to seek bankruptcy protection amid its ongoing financial struggles. Shares of the company fell as much as 33% on Thursday afternoon, at one point prompting a brief halt. The stock closed Thursday’s session off 22%. Though… Source link

Yahoo Finance Live anchors discuss the decline in stock for Bed Bath & Beyond amid growing bankruptcy fears. Video Transcript [AUDIO LOGO] BRAD SMITH: A major mover that we’re tracking here this morning. Keeping an eye on the never-ending story that is Bed Bath & Beyond. Ticker symbol BBBY. It is lower this morning by about 6%. Fears of bankruptcy, they continue to linger here. And as we go day-by-day, just kind of waiting for more indication of what strategic mechanisms the company will implore… Source link

For vocal Bed Bath & Beyond bear Anthony Chukumba, the recent gyrations in Bed Bath & Beyond’s stock — despite the retailer being on the brink of bankruptcy — underscore the need for people to boost their financial literacy. “It is a living, breathing example of the need for financial literacy education in the United States,” the Loop Capital analyst said on Yahoo Finance Live (video above). “I mean, Bed Bath & Beyond is going to go bankrupt.” Bed Bath & Beyond finished Friday’s session… Source link

Bed Bath & Beyond’s stock continues to be whipped up into a speculative fervor as traders place bets the retailer somehow averts bankruptcy — triggering massive covering by short-sellers. Shares popped 20% in pre-market trading on Thursday. If Bed Bath & Beyond’s stock opened at current levels, shares would be up more than 150% since the opening price on Monday. The stock — which has one of the most visited ticker pages on Yahoo Finance the past 24-hours — climbed 69% on Wednesday. This… Source link

Bed Bath & Beyond’s stock continues to be whipped up into a speculative fervor as traders place bets the retailer somehow averts bankruptcy — triggering massive covering by short-sellers. Shares popped 20% in pre-market trading on Thursday. If Bed Bath & Beyond’s stock opened at current levels, shares would be up more than 150% since the opening price on Monday. The stock — which has one of the most visited ticker pages on Yahoo Finance the past 24-hours — climbed 69% on Wednesday. This… Source link

We all know that the Bed Bath & Beyond (BBBY) retail chain is in such big trouble that it’s likely to file for bankruptcy. But what most people don’t know is this: A major reason the company is so messed up is that when it comes to its own stock, the company violated a key rule of retailing — buy cheap. Would you believe that Bed and Bath has spent more than $11.7 billion to buy back almost three quarters of its own stock? At an average cost about 15 times the stock’s current price?… Source link

We all know that the Bed Bath & Beyond (BBBY) retail chain is in such big trouble that it’s likely to file for bankruptcy. But what most people don’t know is this: A major reason the company is so messed up is that when it comes to its own stock, the company violated a key rule of retailing — buy cheap. Would you believe that Bed and Bath has spent more than $11.7 billion to buy back almost three quarters of its own stock? At an average cost about 15 times the stock’s current price?… Source link

On the brink of financial ruin and in need of massive additional cost cuts, execs at Bed Bath & Beyond appear to be OK with ceding even more market share to rivals such as Target and Walmart. Bed Bath & Beyond said this week that it’s on track to close 150 stores as part of an effort to corral costs and save cash, updating a list of locations that now totals 122 stores. That list shows Bed Bath & Beyond will shutter at least 18 stores in the key Tri-State area of New York (8), the company’s… Source link