Bed Bath & Beyond Inc. is an American big box store specializing in home textiles, housewares, decorative home accessories and specialty items. The chain operates stores in the United States, Canada, Mexico, and Puerto Rico.
Bed Bath & Beyond was founded in 1971. It was counted among the Fortune 500 and the Forbes Global 2000. As of February 2022, $BBBY boasted of 32,000 employees with a total asset of $5.13billion. It is publicly traded on Nasdaq and Russell 2000 component. The last time $BBBY share price dipped was during the lockdown as price reached $3.75. Post-lockdown, there was a bounce to $54 in January 2021. The rally was countered with a bearish turn as price is currently trading at the IPO price of 1992 of $1.14. The current price of $BBBY is $0.1888 making it the worst price of $BBBY.
On April 23, 2023, the company filed for Chapter 11 bankruptcy and announced that it would be winding down its operations after several failed attempts to turnaround the company. ON the weekly chart, RSI showed that price had been oversold once. The price of $BBBY could trade around $1 for some months even if price would appreciate later, that is if the government comes to support the ailing company.
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