BBWI - Bath & Body Works hits 52-week low as broader market bounces

Bath & Body Works (NYSE:BBWI) was one of the few stocks not receiving a reprieve from recent selling pressure on Tuesday. Much to the contrary, the stock was the second biggest laggard in the S&P on the day, falling by double digits to touch levels unseen since January 2021 at its intraday low. Its losses were only eclipsed by DaVita which suffered a blow from a Supreme Court ruling early in the day’s trading session.  While a specific catalyst for the step drop in Bath & Body Works (BBWI) shares was not as evident as it was in the case of DaVita, the stock has been seen as a victim of pandemic trends turning. Namely, the company’s strong sales in soaps and hand sanitizers were crucial to its rise to highs of over $80 per share.  To be sure, bullish analysts have battled against this narrative, instead arguing that the

For further details see:

Bath & Body Works hits 52-week low as broader market bounces