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
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
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
A pedestrian walks by a Bed Bath and Beyond store in San Francisco, California. Justin Sullivan | Getty Images Bed Bath & Beyond on Wednesday announced that its CEO Mark Tritton is leaving the company, after sharply missing Wall Street’s expectations on quarterly earnings and revenue. The home goods retailer’s board said Sue Gove, an … Read more
Bed Bath and Beyond on Wednesday reported a surprising holiday-quarter loss, as the company ran low on inventory and struggled to move merchandise out of congested ports and onto shelves. Shares fell more than 3% in premarket trading. CEO Mark Tritton said out-of-stock merchandise caused the company to miss out on about $175 million in … 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 announced Friday that it has struck a deal with activist investor Ryan Cohen, sending shares of the company up more than 8% in premarket … Read more
Take a look at some of the biggest movers in the premarket: Chevron, Exxon, Phillips 66 — Oil stocks rose broadly in premarket trading after energy prices surged overnight, with US benchmark West Texas Intermediate crude briefly breaking above $130 per barrel. Shares of Chevron and Exxon Mobil each rose more than 1%, while Phillips … Read more