Additionally, the Company is a partner in a joint venture which operates retail stores in Mexico under the name Bed Bath & Beyond. The average twelve-month price prediction for Bed Bath & Beyond is 3.78 with a high price target of 7.50 and a low price target of 1.50. and subsidiaries is an omnichannel retailer that sells a wide assortment of merchandise in the Home, Baby, Beauty and Wellness markets. According to the issued ratings of 10 analysts in the last year, the consensus rating for Bed Bath & Beyond stock is Strong Sell based on the current 10 sell ratings for BBBY. Cohen had called for sweeping changes, criticized top executives’ high pay, and urged the sale or spinoff of the company’s baby gear chain, Buybuy Baby.Īlso Read: Are dividend-paying stocks better in a rising interest rate scenario?īed Bath & Beyond Inc. The pressure from activist investor Ryan Cohen, chairman of GameStop and co-founder of Chewy was also evident. Bed Bath & Beyond, GameStop, and AMC Entertainment belong to the same league of stocks in the short squeeze category.īack in June, Bed Bath & Beyond replaced CEO Mark Tritton after the retailer struggled through another quarter of declining sales and posted a steeper loss.Īlso Read: ‘Big Short’ Michael Burry sells all stocks except one – Check portfolio Ryan Cohen’s RC Ventures in the filing said that it might sell as much as 7.78 million shares of Bed Bath & Beyond, along with some call options.Įarlier, what is called a short squeeze made investors lose over a billion dollars after betting against the most well-known meme stocks this month after the shares soared in value. Certainly the modal Chapter 11 leads to the equity going to zero, the median outcome is the same and the mean is so infinitesimally above zero as to be pretty much the same.S&P 500 index expected to gain 9.3% over the next 12 months: FactSet Far too many people think that some to many Chapter 11s will be like Hertz, there will be some asset in there which turns out to be valuable, therefore there will be a recovery for equity. Bed & Bath & Beyond brand sold to for 21.5 million, stock soars 20. As has been happening of late bankruptcy filings have often been accompanied by short term rises in stock prices. 82.91: Consumer Cyclical: Stocks: NYQ: BBBT: BLACK BIRD BIOTECH INC: 0. ET You’re reading a free article with opinions that may differ from The Motley Fool’s. 0.33: Consumer Cyclical: Stocks: PNK: BBY: Best Buy Co., Inc. In one sense of course this Chapter 11 filing changes that for here we have a real event. Market Cap 170M Todays Change (20.65) 0.05 Current Price 0.28 Price as of June 26, 2023, 1:50 p.m. BBBY bedbathandbeyond yahoofinance Yahoo Finance's Brian Sozzi reports Bed Bath & Beyond's ticker page on the Yahoo Finance platform has. That is, changes in peoples' opinions about what is going to happen rather than changes in reality concerning it. The only question is when that happens.Īs we said Thursday about BBBY stock the only thing moving that price is speculation. Is there anything in the corporate shell which makes the assets worth more than the debts? If not then Bed Bath and Beyond stock will indeed go to zero. 16 hours ago &0183 &32 Bed & Bath & Beyond brand sold to for 21.5 million, stock soars 20. The question regarding that is not the speculation which will undoubtedly be indulged in. But the bigger question is almost certainly when, not if, will that BBBY price go to zero. There is so much speculation about failing companies these days that the short term stock price could go anywhere. Bed Bath and Beyond (NASDAQ: BBBY) filed for Chapter 11 Sunday.
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