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Bed Bath & Beyond Stock Plunged 12% on Wednesday -- and for Good Reason

TheMotleyFool

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Bed Bath & Beyond Stock Plunged 12% on Wednesday -- and for Good Reason

Bed Bath & Beyond (NASDAQ: BBBY) has been a popular recovery stock over the past year. While the home-focused retailer lost money in its recently ended 2020 fiscal year, it has a new management team, and its financial results have already started to improve (albeit modestly).

Those factors have attracted plenty of risk-loving investors. In fact, Bed Bath & Beyond stock has more than quadrupled over the past 12 months, sending it to a multiyear high.