Bed Bath & Beyond stock fell Thursday , in a reversal of its recent meteoric rise that left shares up 80% year to date. The move comes after two more analyst downgrades, although the real cause may be restrictions on stock purchases Robinhood Blocks Buying in Game. Stop, AMC, and Other Stocks.
One of the next things we wondered was; why is bed bath and beyond stock down?
In addition, the company was hit by supply chain problems and cost inflation . In fact, inflation was higher than the “significant increases” already anticipated by the company!
Another frequently asked question is “Is Bed Bath&Beyond stock more short squeezing ahead?”.
One source claimed that bed Bath & Beyond’s shares have attracted attention from retail investors since the beginning of 2021 .
In the short term, however, investors are accelerating a drop in the stock seen over the past several months. With today’s hit, Bed Bath & Beyond shares are down more than 40% since late June, bringing it back to approximately where it began in 2021.
You should be wondering “What’s behind Bed Bath’s recent jump?”
That is what ’s behind Bed Bath’s recent jump and the more than 1300% year-to-date gain for Game, and stop. Nagle and Feldman’s moves mean that Bed Bath has accumulated a half-dozen downgrades in j ust three days, even as bulls warn that the stock has gotten ahead of itself.
Why is Bed Bath&Beyond’s share price surging?
“The sudden, sharp surge in Bed Bath & Beyond’s share price and valuation likely has been fueled by a short squeeze , given the high short interest, and speculation by retail investors, fueled in chat rooms, much like Game. Stop (GME),” he writes.
Shares of Bed Bath & Beyond ( BBBY -4.63% ) are up more than 20% since news broke that Ryan Cohen took a nearly 10% stake in the home goods retailer. Cohen co-founded the pet-focused e-commerce site Chewy, which was acquired by Pet. Smart for over $3 billion in 2017.
What are the opportunities for Bed Bath&Beyond stock?
Chief among the opportunities he sees for Bed Bath & Beyond are improved inventory management and a tighter focus on fewer initiatives. He’s also not a fan of the retailer’s “outsized” compensation plans for management at a time when the company and its stock have underperformed.
Bank of America analyst Jason Haas shares a similar view. He has an underperform rating on Bed Bath & Beyond’s stock, due in part to the threats posed by online competitors .
Remember that Bed Bath & Beyond shares received their “meme stock” bona fides during January of 2021, when a short squeeze caused BBBY shares to jump nearly 100% . A lot of that buy-side momentum was driven by retail investors on Reddit forums.
Should I invest in bed bath and beyond?
This is an organization making great and wise decisions contrary to most retail companies in operation today. Every quarter they are increasing profits .
You likely already have a stack of Bed Bath & Beyond coupons since they come in the mail so often, but if you don’t, check online and print one out before you head to the store. While you might find better deals at other stores, Bed Bath & Beyond price matches items from other retailers as long as it isn’t sold by a marketplace.
Is Bed Bath&Beyond’s management up to the task?
Even though Bed Bath & Beyond has been implementing a better system, signing on with Shipt and Instacart for same-day delivery, Amazon. Com, Target, and Walmart have been poaching the home goods retailer’s base for years. Worth the risk? A bet on Bed Bath & Beyond now is one that says management is up to the task .
While writing we ran into the query “Is a fight in the works for control of Bed Bath&Beyond?”.
It seems there might be a fight in the works for control of retailer Bed Bath & Beyond ( NASDAQ: BBBY ). On news that a recently arrived major shareholder seems to be gearing up for a scuffle, investors scurried away on Thursday, trading the company’s stock down by almost 7%. That shareholder is RC Ventures, headed by activist investor Ryan Cohen.