Bed Bath & Beyond Crashed 22% Lower Last Week. Is Now the Time to Buy?
The turnaround plan Bed Bath & Beyond (NASDAQ: BBBY) unveiled last week failed to impress investors, and its stock ended the week over 20% lower than where it began.
The broad market indexes also took a drubbing, having their worst week since the pandemic was declared in March. This beating also played a role in the home-goods retailer's performance. Investors were less than enthused about the three-year blueprint to close and remodel stores, overhaul its supply chain, and buy back stock.
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Source Fool.com