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Big movements in Bed Bath & Beyond Inc. stock price on Tuesday moving 12.81% between high and low

StockInvest.us, 2 weeks ago

Bed Bath & Beyond Inc.

The Bed Bath & Beyond Inc. stock price fell by -18.42% on the last day (Tuesday, 6th Sep 2022) from $8.63 to $7.04. It has now fallen 6 days in a row. During the last trading day the stock fluctuated 12.81% from a day low at $6.87 to a day high of $7.75. The price has fallen in 7 of the last 10 days and is down by -23.81% for this period. Volume has increased on the last day by 1 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 32 million shares were bought and sold for approximately $227.75 million.

Raymond James does not see either upside or downside right now giving BBBY "" on their last update on Sep 01, 2022. The price target was set to 0.Over the last 90 days, this security got 3 buy, 13 sell, and 2 hold ratings.

Given the current short-term trend, the stock is expected to rise 37.75% during the next 3 months and, with a 90% probability hold a price between $9.70 and $33.73 at the end of this 3-month period.

Bed Bath & Beyond Inc.

There are few to no technical positive signals at the moment. The Bed Bath & Beyond Inc. stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $10.01 and $9.46. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, August 17, 2022, and so far it has fallen -69.50%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

On the downside, the stock finds support just below today's level from accumulated volume at $5.81 and $5.79.There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Bed Bath & Beyond Inc. finds support just below today's level at $5.81. If this is broken, then the next support from accumulated volume will be at $5.79 and $5.44.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.88 between high and low, or 12.81%. For the last week, the stock has had daily average volatility of 14.86%.

The Bed Bath & Beyond Inc. stock holds several negative signals and despite the positive trend, we believe Bed Bath & Beyond Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Check full Bed Bath & Beyond Inc. forecast and analysis here.