The stock hit an intraday low of $2.10, down 35%, and triggered two trading halts during afternoon trade.
The retailer said banks have determined it has defaulted on its credit lines and it doesn't have the funds to repay them, as it prepares for a potential bankruptcy filing.
Bed Bath & Beyond Inc. shares plunged more than 20% and were halted Thursday afternoon, after the retailer disclosed in a filing that it was in default on loans that have been called in.
Bed Bath and Beyond again warned of potential bankruptcy, saying it doesn't have enough cash to pay down its debts.
Investors can profit from the lessons of Bed Bath & Beyond, but likely not from its stock.
Yahoo Finance Markets Reporter Ines Ferré looks back on how meme stocks like GameStop (GME) have performed since they went parabolic in 2021 and how meme trades have changed how retail traders approa
The meme stock craze appears to be far from over. Today, embattled retailer Bed Bath & Beyond (NASDAQ: BBBY ) is on the move, surging 10% on little news.
Any sustained meme-stock rally still seems unlikely, cautions one group of analysts, who posit traders will likely "rush to lock in profits before it's too late."
Days after Bed Bath & Beyond's stock value experienced it's latest unexpected surge, it appears it's not just like Robin Hood after all as the meme stock looks increasingly to head toward Chapter 11.
Thomas Peterffy, chairman of Interactive Brokers, says they misinform people about how markets work and he worries they will lose money.
Bed Bath & Beyond is facing another critical challenge: staying listed on the Nasdaq Stock Market.
Bed Bath & Beyond has hired another legal advisor as it preps a potential bankruptcy filing in New Jersey, according to people familiar with the matter.
Bed Bath & Beyond (NASDAQ: BBBY ) stock dropped 10% in premarket trading to about $3.44 per share after traders learned it failed to file its results for the November quarter with the Securities and E
Bed Bath & Beyond Inc. has received a warning that it is not in compliance for continued Nasdaq listing because the company has not yet filed its Form 10-Q quarterly report with the Securities and E
Yahoo Finance Live's Seana Smith looks at several stocks trending in the after-hours trading session.
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