It has been a whirlwind for Bed Bath & Beyond Inc.’s meme-stock investors, marked by a credit default, store closings and a last-gasp financing deal that saved the company from chapter 11. The turbulence isn’t likely to settle soon.
Bed Bath & Beyond’s shares slid 65% in the week after it announced an unusual financing deal with Hudson Bay Capital Management in early February that took bankruptcy off the table for now.
Source: finance.yahoo.com
Related posts:
Paramount stock gains after earnings exceed expectations
This Is the Best-Performing Chip Stock. Why It’s Still a Buy.
Stock Dividends Are About to Set a Record. Here’s Where to Snag 3% Yields.
Unprecedented Helium Shortage Could Send Prices Sky-High
Buffett's advice for beating inflation: 'Be exceptionally good at something'