Shares of Bed Bath & Beyond (NASDAQ:BBBY) are seeing a great deal of volatility in today’s trading session. The stock went from soaring almost 12% to being down over 8%. At the time of writing, it is hovering in the middle of these two extremes.
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The news that caused the sudden selloff was concerns that it’s struggling to find a buyer for its assets. The retailer is trying to find ways to raise money in order to pay down its debt and survive bankruptcy.
Overall, Wall Street analysts have a consensus price target of $1.36 on BBBY stock, implying over 48% downside potential, as indicated by the graphic above.
