Bath

Signs mark a Bed Bath & Beyond store in Somerville, Massachusetts.Brian Snyder | ReutersBed Bath & Beyond shares fell more than 10% in extended trading Wednesday after activist investor Ryan Cohen said he intends to sell his entire stake in the retailer through his firm RC Ventures.According to a Form 144 that was filed Wednesday with the Securities and Exchange Commission, RC Ventures intends to sell 9.45 million shares of the company, which is the total amount it holds in Bed Bath. A Form 144 acts an official…

Scott Olson | Getty ImagesCheck out the companies making the biggest moves midday:Target — Shares of the retailer slid more than 2% after its earnings missed Wall Street expectations by a wide margin. The company said its quarterly profit fell almost 90% from a year ago. However, Target reiterated its full-year forecast and said it is now positioned for a rebound.Bed Bath & Beyond — Shares of the meme stock jumped about 22% on Wednesday, continuing a torrid August rally for the challenged retailer. The stock has seen…

Pedestrians walk past a Bed Bath & Beyond Inc. store in New York.Mark Kauzlarich | Bloomberg | Getty ImagesThe wild trading in Bed Bath & Beyond showed no signs of slowing down on Wednesday, as the retail stock spiked on heavy volume while social media users cheered on the meme stock.Shares of the challenged retailer surged 39% in early trading, building on its enormous gains for August. Bed Bath & Beyond has already seen five days in August with moves greater than 20%, and ended Tuesday up nearly 300% for the…

Bed Bath & Beyond Inc. shares soared another 67% on Tuesday and have more than tripled in the past week, defying recent analysts’ warnings over the retailer’s exaggerated valuation given its shrinking liquidity. The stock of the home-goods company changed hands at as high as $28.04 a share in late-morning trading, surging from $8.88 on Aug. 9. Bed Bath & Beyond Inc. shares soared another 67% on Tuesday and have more than tripled in the past week, defying recent analysts’…

An AMC theatre is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., January 27, 2021.Carlo Allegri | ReutersCheck out the companies making headlines in midday trading.Bed Bath & Beyond, AMC — Shares surged 41% and 13% respectively as social media traders appeared to invest in the two meme stocks, even without an apparent catalyst.Signify Health — The stock jumped 13% following a Wall Street Journal report, citing people familiar with the matter, that…

A view of a Bed Bath and Beyond store in Daly City, California.Justin Sullivan | Getty ImagesShares of Bed Bath & Beyond jumped nearly 60% on Monday as meme traders seemed to be betting on the stock despite any apparent catalyst for the move.The heavily shorted stock, which has tumbled more than 44% this year, was the most searched name on the WallStreetBets discussion board on Monday according to Quiver Quantitative, where users under a pinned thread titled "AMC and BBBY Memestock Megathread for Monday August 8th,…

A person enters a Bed Bath & Beyond store on October 01, 2021 in the Tribeca neighborhood in New York City.Michael M. Santiago | Getty ImagesBed Bath & Beyond is axing one of its private labels, Wild Sage, about a year after the company made an aggressive push into exclusive brands, at the time touted as a linchpin of its turnaround strategy.A spokeswoman for the home goods retailer confirmed the brand is being discontinued.The move is likely just the start of bigger changes for Bed Bath and its merchandising…

The coupon Stephanie Lucas received in the mail she said was addressed to her daughter, even though she isn’t pregnant.Photo: Stephanie LucasStephanie Lucas, a California-based UX designer, was at home Saturday morning when she read Gizmodo’s investigation into dozens of companies selling data on millions of Americans labeled “actively pregnant” or “shopping for maternity products.” Things got weird she went out to pick up her mail later that day. Shuffling through her letters, she found a literal example of what she had…

Mark Tritton arrived at Bed Bath & Beyond Inc. BBBY -12.05% in 2019 with a plan to revive the home-goods retailer and ward off competition from Amazon.com Inc., Target Corp. and other large chains: sell what nobody else has. Switching to private-label brands has worked for many retailers. At Bed Bath & Beyond—beloved for its 20% off coupon and massive product…

Bath & and Body Works entrance.Jeff Greenberg | Getty ImagesShares of Bath & Body Works initially fell Wednesday after the company lowered its sales and earnings outlook, citing a more challenging macroeconomic environment.But the stock clawed its way into positive territory later in the day, closing up 3% at $31.10."Our data indicates that customers, particularly lower income customers, have become more cost conscious and are limiting purchases," the company said in a statement.For the second quarter, the home…