BBBY

Shares of Bed Bath & Beyond (NASDAQ: BBBY) fell almost 10% in today's session. This can be attributed to privately negotiated exchange agreements with institutional debt holders. The debt holders will exchange approximately $123 million worth of notes for roughly 11.7 million common shares. Although this improves the company's balance sheet, it highlights that Bed Bath & Beyond is struggling and is likely to continue doing so as interest rates rise. Furthermore, it dilutes existing shareholders. Is BBBY Stock a Buy or Sell? Unsurprisingly, BBBY stock has a Strong Sell consensus rating based on two Holds and eight Sells assigned in the past three months.
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