Bed Bath & Beyond (BBBY) Shares are Down -1.39%

Bed Bath & Beyond (BBBY) has risen sharply, recording gains of 2.27% in the past 4 weeks. However, the stock has corrected -1.39% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.88% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

Bed Bath & Beyond Inc. is up 6.92% in the last 3-month period. Year-to-Date the stock performance stands at -5.44%. The stock has recorded a 20-day Moving Average of 1.61% and the 50-Day Moving Average is 3.13%.


Bed Bath & Beyond (NASDAQ:BBBY): The stock opened at $45.45 on Friday but the bulls could not build on the opening and the stock topped out at $45.61 for the day. The stock traded down to $44.96 during the day, due to lack of any buying support eventually closed down at $45.49 with a loss of -0.24% for the day. The stock had closed at $45.60 on the previous day. The total traded volume was 1,239,327 shares.

Also, Equity analysts at the Brokerage firm Credit Suisse maintains its rating on Bed Bath & Beyond (NASDAQ:BBBY). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at Credit Suisse lowers the price target from $46 per share to $41 per share. The rating by the firm was issued on June 23, 2016.

Bed Bath & Beyond Inc. and subsidiaries is a retailer selling an assortment of domestics merchandise and home furnishings, which operates under the names Bed Bath & Beyond, Christmas Tree Shops, Christmas Tree Shops andThat! or andThat!, Harmon or Harmon Face Values, buybuy BABY and World Market, Cost Plus World Market or Cost Plus. Customers can purchase products from the Company either in-store, online or through a mobile device. In addition, the Company operates Of a Kind, an e-commerce Website that features specially commissioned, limited edition items from emerging fashion and home designers. It also operates Linen Holdings, a provider of a variety of textile products, amenities and other goods to institutional customers in the hospitality, cruise line, healthcare and other industries. The Company is a partner in a joint venture which operates retail stores in Mexico under the name Bed Bath & Beyond. It sells an assortment of domestics merchandise and home furnishings.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *