Why Bed Bath & Beyond Stock Fell Today
Bed Bath & Beyond (NASDAQ: BBBY) was spiraling downward again today after two separate news items sparked concerns about the struggling home goods retailer.
The stock closed down 7.8%.
First, the company said it would sell additional shares under its at-the-market (ATM) program. The company is offering up to $150 million in stock, which would dilute current shareholders by roughly 41% based on its market cap at closing.
Source Fool.com
