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Why is Bed Bath & Beyond Inc. (BBBY) Stock down?

We've noticed a 27.09% decline in Bed Bath & Beyond Inc. (BBBY) stock during the 2023-05-02 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
24 Apr, 2023:

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

06 Apr, 2023:

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.

05 Apr, 2023:

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

$441.01
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$48.70
price down icon 2.62%
$337.08
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specialty_retail DKS
$183.74
price down icon 2.53%
specialty_retail BBY
$70.50
price down icon 2.99%
$378.33
price down icon 0.92%
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