Shares of Bed Bath & Beyond Inc. sank 6.5% in afternoon trading Thursday, to put them on track for an eighth straight decline. The losing streak comes after...
Shares of Bed Bath & Beyond Inc.
sank 6.5% in afternoon trading Thursday, to put them on track for an eighth straight decline. The losing streak comes after the stock rocketed 92.1% on Feb. 6, even amid growing concerns the home goods retailer was nearing bankruptcy. The stock then sold off after the Feb. 6 close, after the company announced plans to sell convertible preferred shares and warrants to buy common stock in an effort to stave off bankruptcy.
sank 6.5% in afternoon trading Thursday, to put them on track for an eighth straight decline. The losing streak comes after the stock rocketed 92.1% on Feb. 6, even amid growing concerns the home goods retailer was nearing bankruptcy. The stock then sold off after the Feb. 6 close, after the company announced plans to sell convertible preferred shares and warrants to buy common stock in an effort to stave off bankruptcy.
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