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Why Bed Bath & Beyond Shares Were Falling Today

TheMotleyFool

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Why Bed Bath & Beyond Shares Were Falling TodayPhoto, wide shot, wide-angle lens, Toy manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by David Maisel: https://img.theapi.app/temp/2788fcd3-d339-4592-8f5c-a3b9125dc61f.png

Shares of Bed Bath & Beyond (NASDAQ: BBBY) faded Wednesday, though no news came out regarding the home goods retailer. Instead, the stock's decline seemed to be driven by a pair of external factors. First, a rally in meme stocks like GameStop and AMC Entertainment earlier this week faded; and second, home goods retail stocks were down broadly Wednesday after negative comments from RH (formerly known as Restoration Hardware) in its earnings report Tuesday night.

As of 3 p.m. ET, Bed Bath & Beyond was down 13.4%.

Image source: Getty Images.

Source Fool.com

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