Bed bath & beyond stock has dipped for 7 consecutive days: here’s where to buy the dip

After rising by 73% between February 23 and March 8, the Bed bath & beyond stock has shed over 12% in the past seven days.

The current dip is attributed to the poor performance of Bed Bath & Beyond’s business. Its sales dropped by about in its last quarter’s report. While the company’s CEO admitted that their current situation is not where it would want to be, the company is facing challenges in supply chains, competition from smaller specialty retail stores, and rising prices as a result of inflation.

Are you looking for fast-news, hot-tips and market analysis?

Sign-up for the Invezz newsletter, today.

Nevertheless, analysts still believe the stock is poised for a major take-off in a follow-up to what took place towards the end of February and the start of this month.

To help stock traders eying to invest in the Bed bath & beyond stock, Invezz has created a brief article on what it is and the best places to trade it.

To find out more, please continue reading.

Best places to trade BBBY Stock

eToro

eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.

Register with eToro instantly


Disclaimer

Firstrade

Firstrade is a leading online brokerage firm offering a full line of investment products and tools designed to help investors like you take control of your financial future. Since its founding in 1985, Firstrade has been committed to providing high value and quality services to help you reach your financial goals.

Register with Firstrade instantly

What is Bed bath & beyond stock?

Bed bath & beyond stock is the stock of Bed Bath & Beyond Inc. and it trades on the NASDAQ Stock Exchange under the symbol NASDAQ: BBBY.

Bed Bath & Beyond Inc. is an American chain of domestic merchandise retail stores that specializes in baby products and home items.

Bed Bath & Beyond operates stores in the United States, Mexico, Puerto Rico, and Canada.

Should I buy BBBY stock today?

If you want to invest in a major US specialty retail store, then buying the BBBY stock could be a good option.

Nevertheless, the company has to do more to stay at the top among its competitors, especially at such a time when inflation is at a 40-years high.

Bed bath & beyond stock price prediction

The majority of investors and analysts expect Bed bath & beyond stock (NASDAQ: BBBY) to rebound any time from now. Majority have set their eyes on a price target of around $22 by the end of March.