BBBY erases early gains, what's next?

16:52 30 August 2022

Shares of Bed Bath & Beyond (BBBY.US) were gaining as much as 10% at the beginning of today's session, however, sentiment has now turned upside down and BBBY shares are losing 7%. The company will publish its strategic update tomorrow. 

Recall that the media reported a week ago that financing had been found to resolve liquidity problems. 

Start investing today or test a free demo

Open account Try demo Download mobile app Download mobile app

The sell-off fueled by high volume may mean that investors are worried about the materialization of the saying: "buy the rumors, sell the facts." At this point, it seems the company needs a fair amount of internal change to renew customers' faith, especially in the face of dismal financial results.

Source: xStation 5

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

Back

Join over 1 Million investors from around the world