Shares of Bed Bath & Beyond Inc. BBBY,
slipped 6.24% to $7.81 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA,
rising 0.15% to 31,928.62 and the S&P 500 Index SPX,
falling 0.81% to 3,941.48. This was the stock’s third consecutive day of losses. Bed Bath & Beyond Inc. closed $36.70 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 Tuesday, as RH RH,
fell 3.95% to $246.29, Container Store Group Inc. TCS,
fell 5.17% to $6.79, and Macy’s Inc. M,
fell 4.14% to $17.61. Trading volume (5.1 M) remained 407,912 below its 50-day average volume of 5.5 M.