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Bath bath and beyond stock8/1/2023 View the BBBYQ premarket stock price ahead of the market. The late-2022 nosedive came after billionaire investor Ryan Cohen offloaded his 12% stake in Bed Bath & Beyond. Bed Bath & Beyond Inc stock price live 0.20, this page displays OTC BBBYQ stock exchange data. Bed Bath & Beyond rose nearly 1,000% between April 2020 and January 2021, before crashing about 95% between August 2022 and January 2023, hitting as low as $1.27 before rallying Monday to nearly $6. In the latest period, Bed Bath & Beyond lost 73.2 million, or 72 cents per share, compared with net income of 217.9 million, or 1.75 per share, a year earlier. soared in late trading on Tuesday after announcing accelerated share buybacks and the launch of a new digital marketplace for merchandise from third-party producers. Struggling brick-and-mortar stocks AMC, Bed Bath & Beyond and GameStop rode 2021’s meme trading craze to massive gains despite little material changes in the respective businesses. Ryan Cohen and Jake Freeman raked in about 180 million in profits on the meme stock between them. The top three posts Monday on the popular WallStreetBets subreddit were each memes making light of Bed Bath & Beyond’s meteoric rise despite the company’s dismal financial health, with one post reading: “How are you not dead? I have no idea!” Key Backgroundīed Bath & Beyond defaulted on some of its debt last month and has repeatedly warned it may soon need to file for bankruptcy. Bed Bath & Beyond, the embattled homeware retailer, filed for bankruptcy on Sunday. ![]() In a Tuesday note to clients, Wedbush analysts led by Seth Basham cut their 12-month price target for Bed Bath & Beyond stock from $1 to $0, calling the latest capital raise a “last gasp” at survival, saying even if the company staves off bankruptcy, the “highly dilutive” offering unveiled this week would wipe away the value of Bed Bath & Beyond’s common stock. Bed Bath & Beyond is closing hundreds of stores.
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