Home goods retailer Bed Bath & Beyond used to be on solid footing. Now it’s warning investors it might be headed for bankruptcy and has announced store closings, and its stock has seen deep declines.
Home goods retailer Bed Bath & Beyond used to be on solid footing. Now it’s warning investors it might be headed for bankruptcy and has announced store closings, and its stock has seen deep declines.
The value of the shorted stocks soared last year when an army of small-time investors coordinated on online message boards such as WallStreetBets, boosting their stock price and hurting hedge funds.