• Return to Headlines

Shares of Bed Bath &Beyond Fall Below Previous 52-Week Low

By Amy Schwartz

Bed Bath &Beyond (NASDAQ:BBBY) traded at a new 52-week low today of $28.05. This new low was reached on below average trading volume as 1.3 million shares traded hands, while the average 30-day volume is approximately 2.4 million shares.

There is potential upside of 34.3% for shares of Bed Bath &Beyond based on a current price of $28.17 and an average consensus analyst price target of $37.83. The stock should find initial resistance at its 50-day moving average (MA) of $34.27 and further resistance at its 200-day MA of $39.66.

Bed Bath & Beyond Inc. operates a nationwide chain of retail stores. The Company, through its retail stores, sells a wide assortment of merchandise principally including domestic merchandise and home furnishings, as well as food, giftware, health and beauty care items, and infant and toddler merchandise.

Bed Bath &Beyond share prices have moved between a 52-week high of $48.83 and the current low of $28.05 and are currently at $28.17 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 1.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Bed Bath &Beyond on December 22nd, 2016 by issuing a Downtrend alert when the shares were trading at $42.60. Since that call, shares of Bed Bath &Beyond have fallen 33.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows bed bath &beyond

Ticker(s): BBBY