Bed Bath & Beyond stock plunges more than 50% in February, the second-worst monthly performance in its history

Shares of Bed Bath & Beyond Inc. BBBY shed 5.7% in afternoon trading Tuesday, putting them on track to suffer the biggest monthly decline in nearly three years, or well before the “meme”-stock rocket ride seen in early 2021. The home goods retailer’s stock has been trending lower, falling in 13 of the past 15 sessions, since the company announced plans to sell convertible preferred shares in an effort to stave off bankruptcy. The stock has now plunged 50.5% in February, which would be the worst monthly performance since it plummeted a record 61.1% in March 2020, and the second-worst month since it went public in June…