Bed Bath & Beyond Stock Finally Falls. It’s About More Than Just Wall Street Downgrades.


Bed Bath & Beyond stock fell Thursday, in a reversal of its recent meteoric rise that left shares up 80% year to date. The move comes after two more analyst downgrades, although the real cause may be restrictions on stock purchases on platforms like Robinhood.

Telsey’s Feldman had the same concerns. Bed Bath’s big rally has not only outpaced fundamentals and the multiyear benefits of its turnaround, but also means that the shares, by some metrics, are trading well above both their 10-year average and 10-year peak, he says. “The sudden, sharp surge in Bed Bath & Beyond’s share price and valuation likely has been fueled by a short squeeze, given the high short interest, and speculation by retail investors, fueled in chat rooms, much like GameStop (GME),” he writes.

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