Shares of Bed Bath & Beyond Inc. BBBY,
slipped 3.40% to $ 20.19 on Monday, which turned out to be an all-round cheap trading session for the stock market on the S&P 500 Index SPX.
1.32% increase to 4,655.27 and the Dow Jones Industrial Average DJIA,
increased by 0.68% to 35,135.94. This was the second consecutive day of losses for the stock. Bed Bath & Beyond Inc. closed $ 33.71 below its 52-week high ($ 53.90) the company hit on January 27th.
The stock underperformed some of its peers on Monday, such as RH RH,
fell 0.43% to $ 596.78, Container Store Group Inc. TCS,
fell 2.12% to $ 11.98, and Macy’s Inc. M,
fell 2.40% to $ 29.75. The trading volume (4.6 million) remained 6.4 million below its 50-day average volume of 11.0 million.