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Why Bed Bath & Beyond Stock Lost 36% in September

TheMotleyFool

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Why Bed Bath & Beyond Stock Lost 36% in September: https://g.foolcdn.com/editorial/images/703428/a-green-sofa-in-a-living-room-home-goods-home-furnishings.jpg

Shares of Bed Bath & Beyond (NASDAQ: BBBY) were taking a dive last month as a meme-stock-driven short squeeze faded, an investor update at the end of August was poorly received, and the company reported disappointing second-quarter results at the end of September.

As a result, the stock finished September down 36%, according to data from S&P Global Market Intelligence. As you can see from the chart below, the stock was headed downward most of the month.