Bed Bath & Beyond Inc. (BBBY) saw a big move last session, as the company’s shares fell by over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $73.78 to $77.68 in the past one-month time frame.
The company has seen a flat track record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
BBBY currently has a Zacks Rank #3 (Hold).
A better-ranked stock in the same sector is Build-A-Bear Workshop Inc. (BBW), holding a Zacks Rank #1 (Strong Buy).
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