Why Bed Bath & Beyond Shares Were Falling Today
Shares of Bed Bath & Beyond (NASDAQ: BBBY) faded Wednesday, though no news came out regarding the home goods retailer. Instead, the stock's decline seemed to be driven by a pair of external factors. First, a rally in meme stocks like GameStop and AMC Entertainment earlier this week faded; and second, home goods retail stocks were down broadly Wednesday after negative comments from RH (formerly known as Restoration Hardware) in its earnings report Tuesday night.
As of 3 p.m. ET, Bed Bath & Beyond was down 13.4%.
Image source: Getty Images.
Source Fool.com
