Shares of Bed Bath & Beyond (NASDAQ: BBBY) tanked 20.1% this week compared to where they ended last week, according to data from S&P Global market Intelligence . The drop came after an analyst suggested the home goods retailer might have reached the end of the line with bankruptcy as the final outcome.
Loop Capital analyst Anthony Chukumba said investors ought to "begin to seriously consider 'endgame' scenarios" and reiterated his sell rating on the stock and $5 price target. Bed Bath & Beyond ended the week at $9.64 per share.
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Why Bed Bath & Beyond Tumbled 20% This Week