Bed Bath & Beyond Inc. stock falls Friday, underperforms market

Shares of Bed Bath & Beyond Inc. BBBY,
-9.94%
shed 9.94% to $8.70 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX,
+0.01%
rising 0.01% to 3,901.36 and the Dow Jones Industrial Average DJIA,
+0.03%
rising 0.03% to 31,261.90. Bed Bath & Beyond Inc. closed $35.81 short of its 52-week high ($44.51), which the company reached on June 2nd.

The stock underperformed when compared to some of its competitors Friday, as RH RH,
-2.81%
fell 2.81% to $268.60, Container Store Group Inc. TCS,
+0.13%
rose 0.13% to $7.90, and Macy’s Inc. M,
-6.20%
fell 6.20% to $18.16. Trading volume (6.0 M) eclipsed its 50-day average volume of 5.5 M.

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