Bed Bath & Beyond Inc. (BBBY)

Shares of Bed Bath & Beyond Inc. (BBBY, -35.67%) took a major hit, dropping by 36% after the home-goods retailer announced its filing for Chapter 11 bankruptcy on Sunday. The company, which has been facing financial difficulties, stated that it plans to focus on winding down operations, while also seeking out potential buyers.

https://www.marketwatch.com/story/coca-cola-stock-rises-on-forecast-beating-results-bed-bath-beyond-shares-slump-and-other-stocks-on-the-move-f97e5021

The retailer's stock suffered an 8.2% decline after announcing its proposal for a stock split in a bid to avoid bankruptcy. The company hopes that this measure will help to stabilize its financial position and improve its prospects.

Bed Bath & Beyond's shares fell 6% after announcing a vendor consignment deal with ReStore Capital. The agreement involves the purchase of up to $120 million worth of merchandise and may help the embattled retailer avoid bankruptcy.

https://www.cnbc.com/2023/04/05/bed-bath-beyond-merchandise-lifeline.html