Shares of Bed Bath & Beyond Inc. BBBY,
slipped 9.13% to $6.47 Monday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX,
falling 3.88% to 3,749.63 and Dow Jones Industrial Average DJIA,
falling 2.79% to 30,516.74. This was the stock’s fourth consecutive day of losses. Bed Bath & Beyond Inc. closed $32.83 short of its 52-week high ($39.30), which the company reached on June 30th.
The stock underperformed when compared to some of its competitors Monday, as RH RH,
fell 7.22% to $257.99, Container Store Group Inc. TCS,
fell 2.97% to $7.19, and Macy’s Inc. M,
fell 7.90% to $21.22. Trading volume (5.8 M) eclipsed its 50-day average volume of 5.3 M.