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Bed Bath & Beyond making 'last gasp' to survive before filing for bankruptcy, says analyst, warning that the equity will eventually be wiped out

Por: MarketWatch Business February 08, 2023

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Bed Bath & Beyond’s stock plunged 48.6% Tuesday, pulling back from strong gains Monday that saw shares of the troubled retailer gain 92% in a move that swept up other meme stocks. The moves proposed by Bed Bath & Beyond aim to generate additional liquidity, satisfy the company’s defaulted loans and missed interest payments, and, most importantly, buy it more time, according to Basham. Wedbush slashed its price target on the stock to zero... + full article



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