Even though shares of Bed Bath & Beyond have surged more than 70% this week, Loop Capital isn’t upgrading its view on the stock. That’s because the jump in share price is likely due to a meme-stock short squeeze and isn’t tied to any fundamental improvements, according to the firm, which reiterated its sell rating … Read more
Here are Friday’s biggest calls on Wall Street: DA Davidson initiates Teladoc as buy DA Davidson said it sees upside for the the telehealth company. “COVID created unprecedented tailwinds for the market, which turned into headwinds; we believe we are now at stable to growing penetration rates for telehealth, and that Teladoc is well-positioned to … Read more
Investors should steer clear of shares of Bed Bath & Beyond , especially after the stock’s “latest meme stock frenzy,” according to Baird. Analyst Justin Kleber downgraded the home retail stock to underperform, saying in a note to clients that shares look unattractive at these levels. “Shares have surged 148% since July 27, including +86% … Read more
An AMC theater is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, US, January 27, 2021. Carlo Allegri | Reuters Check out the companies making headlines in midday trading. Bed Bath & Beyond, AMC — Shares surged 41% and 13% respectively as social media traders appeared … Read more
A view of a Bed Bath and Beyond store in Daly City, California. Justin Sullivan | Getty Images Shares of Bed Bath & Beyond jumped more than 30% in premarket trading on Monday as meme traders seemed to be betting on the stock despite any apparent catalyst for the move. The heavily shorted stock, which … Read more
A person enters a Bed Bath & Beyond store on October 01, 2021 in the Tribeca neighborhood in New York City. Michael M Santiago | Getty Images Bed Bath & Beyond is axing one of its private labels, Wild Sage, about a year after the company made an aggressive push into exclusive brands, at the … Read more
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Many investors take it as a good sign when a CEO puts their own cash into the company they run. After all, who knows better what opportunities the business has? Unfortunately, it may not always be the case. On Wednesday, filings with the Securities and Exchange Commission revealed Bed Bath & Beyond interim CEO Sue … Read more
Bed Bath & Beyond on Thursday named a new chief accounting officer, marking another leadership change as the retailer struggles with plunging sales. The company said Laura Crossen will take over as the senior vice president of finance and chief accounting officer, replacing John Barresi, who resigned earlier this month after stepping into the role … Read more
A view of the atmosphere during the Whitney Port & Bundle Organics #MomAsYouAre buybuyBABY product launch in Torrance, California. Randy Shropshire | Getty Images As Bed Bath & Beyond shakes up its leadership suite and ousts its CEO, the retailer said Wednesday it remains open to another big change: A potential sale of its baby … Read more