Shares of Bed Bath & Beyond Inc. BBBY,
slipped 6.66% to $ 17.11 on Wednesday in what turned out to be an all-round gloomy trading session for the stock market on the S&P 500 Index SPX.
1.18% decline to 4,513.04 and Dow Jones Industrial Average DJIA,
Decrease by 1.34% to 34,022.04. This was the fourth consecutive day of losses for the stock. Bed Bath & Beyond Inc. closed $ 36.79 below its 52-week high ($ 53.90) the company hit on January 27th.
The stock underperformed some of its peers on Wednesday as RH RH,
fell 3.14% to $ 564.86, Container Store Group Inc. TCS,
fell 3.18% to $ 11.26, and Macy’s Inc. M,
fell 4.63% to $ 27.18. The trading volume (7.5 million) remained 3.7 million below its 50-day average volume of 11.2 million.