Why Bed Bath & Beyond Stock Dived by 8% Today
We're not too far away from the end of 2022, and that probably can't come fast enough for Bed Bath & Beyond (NASDAQ: BBBY). The struggling retailer had another of numerous bad days on the stock market on Wednesday, with its share price dipping by more than 8% on news of a C-suite departure.
This morning, in a tersely worded regulatory filing, Bed Bath & Beyond said that its chief technology officer (CTO), Rafeh Masood, has resigned. The move was effective immediately.
The retailer said that his departure is "not the result of any disagreement with the company on any matter relating to the company's operations, policies or practices or financial statements." It didn't, however, give the actual reason(s) for the move.
Source Fool.com
