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Why Bed Bath & Beyond Stock Fell Today

TheMotleyFool

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Why Bed Bath & Beyond Stock Fell TodayPhoto, wide shot, wide-angle lens, Home appliance manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Michael Light: https://img.theapi.app/temp/5d70b6df-fa9b-4237-9702-39c36cb1d4f8.png

Bed Bath & Beyond (NASDAQ: BBBY) was spiraling downward again today after two separate news items sparked concerns about the struggling home goods retailer.

The stock closed down 7.8%.

First, the company said it would sell additional shares under its at-the-market (ATM) program. The company is offering up to $150 million in stock, which would dilute current shareholders by roughly 41% based on its market cap at closing.

Source Fool.com

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