Shares of retail and apparel companies, including Bed Bath & Beyond Inc. (NASDAQ: BBBY), are trading lower in possible sympathy with Five Below Inc (NASDAQ: FIVE), which fell following fourth-quarter earnings and soft guidance.
Bed Bath & Beyond may also be trading lower in sympathy with the broader market as stocks pull back following Tuesday’s strength. Worse-than-expected US GDP and a rebound in oil prices have weighed on market sentiment.
See Also: This Discount Retailer Has New Plans To Triple Store Count
Bed Bath & Beyond is a home furnishings retailer, operating just under 1,000 stores in all 50 states.
Bed Bath & Beyond is trading lower by 15.40% at $23.04. Bed Bath & Beyond has a 52-week high of $44.51 and a 52-week low of $12.39.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Read at Benzinga