Bed Bath & Beyond Inc. [BBBY] Is Currently -1.49 below its 200 Period Moving Avg: What Dose This Mean?

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Bed Bath & Beyond Inc. [NASDAQ: BBBY] traded at a low on 10/19/21, posting a -1.49 loss after which it closed the day’ session at $14.50. The company report on October 4, 2021 that Bed Bath & Beyond® Launches Studio 3B™ – A New Collection Of Contemporary Home Decor Designed For Everyday Living.

Bed Bath & Beyond® (Nasdaq: BBBY) announced the launch of Studio 3B™, a new Owned Brand line of contemporary home décor inspired by modern design. Available only at Bed Bath & Beyond, Studio 3B helps customers “home, happier™” by offering approachable, modern designs for everyday living. A curated collection of casual, warm and inviting homeware, Studio 3B’s subtly refined, on-trend assortment includes décor, bedding, bath and accent furniture. The affordably-priced assortment—available online and in stores now—encourages a mix-and-match approach, making it simple to update and refresh any living space.


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“Studio 3B allows home decorators to easily attain a modern aesthetic that feels inviting and thoughtfully designed,” said Joe Hartsig, Executive Vice President and Chief Merchandising Officer at Bed Bath & Beyond. “We’ve seen increasing customer demand for more approachably modern product collections. Studio 3B fills that need, delivering a contemporary, yet accessible assortment that helps elevate any home.”.

The results of the trading session contributed to over 5698276 shares changing hands. Over the past one week, the price volatility of Bed Bath & Beyond Inc. stands at 5.96% while the volatility over the past one month is 6.02%.

The market cap for BBBY stock reached $1.51 billion, with 101.95 million shares outstanding and 99.60 million shares in the current float. Compared to the average trading volume of 4.22M shares, BBBY reached a trading volume of 5698276 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Bed Bath & Beyond Inc. [BBBY]?

Morgan Stanley have made an estimate for Bed Bath & Beyond Inc. shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on October 14, 2021. While these analysts kept the previous recommendation, BofA Securities raised their target price to Underperform. The new note on the price target was released on October 05, 2021, representing the official price target for Bed Bath & Beyond Inc. stock. Previously, the target price had yet another raise to $44, while B. Riley Securities analysts kept a Buy rating on BBBY stock.

The Average True Range (ATR) for Bed Bath & Beyond Inc. is set at 1.09, with the Price to Sales ratio for BBBY stock in the period of the last 12 months amounting to 0.16. The Price to Book ratio for the last quarter was 1.58, with the Price to Cash per share for the same quarter was set at 9.61.

How has BBBY stock performed recently?

Bed Bath & Beyond Inc. [BBBY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.35. With this latest performance, BBBY shares dropped by -38.61% in over the last four-week period, additionally sinking by -45.12% over the last 6 months – not to mention a drop of -41.74% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BBBY stock in for the last two-week period is set at 26.08, with the RSI for the last a single of trading hit 27.37, and the three-weeks RSI is set at 27.88 for Bed Bath & Beyond Inc. [BBBY]. The present Moving Average for the last 50 days of trading for this stock 22.86, while it was recorded at 14.41 for the last single week of trading, and 26.81 for the last 200 days.

Bed Bath & Beyond Inc. [BBBY]: Deeper insight into the fundamentals

Bed Bath & Beyond Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 1.40.

Insider trade positions for Bed Bath & Beyond Inc. [BBBY]

There are presently around $1,606 million, in the hands of institutional investors. The top three institutional holders of BBBY stocks are: BLACKROCK INC. with ownership of 17,251,927, which is approximately -14.089% of the company’s market cap and around 3.10% of the total institutional ownership; FMR LLC, holding 13,870,625 shares of the stock with an approximate value of $201.12 million in BBBY stocks shares; and VANGUARD GROUP INC, currently with $170.32 million in BBBY stock with ownership of nearly -9.008% of the company’s market capitalization.

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118 institutional holders increased their position in Bed Bath & Beyond Inc. [NASDAQ:BBBY] by around 20,474,672 shares. Additionally, 155 investors decreased positions by around 15,491,116 shares, while 54 investors held positions by with 74,815,099 shares. The mentioned changes placed institutional holdings at 110,780,887 shares, according to the latest SEC report filing. BBBY stock had 54 new institutional investments in for a total of 6,110,809 shares, while 42 institutional investors sold positions of 4,005,928 shares during the same period.

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