With the wild fluctuations in monetary policy sending a chill against consumer sentiment, embattled retailers like Bed Bath & Beyond (NASDAQ:BBBY) appear on the verge of suffering even worse damage. Indeed, the final nail in the coffin may be rising interest rates. With borrowing costs ballooning, demand in the housing market naturally slipped, leading to serious long-term questions regarding BBBY stock. I am bearish on the home-décor retailer. Frankly, nothing in the price chart suggests that BBBY stock is worth betting on for anyone other than extreme gamblers. Even then, the wager seems unnecessarily risky. Since the start of this year, BBBY stock has fallen 77%.
https://www.tipranks.com/news/article/housing-market-woes-may-end-up-impacting-bbby-stock?utm_source=advfn.com&utm_medium=referral
Bed Bath and Beyond (NASDAQ:BBBY)
Historical Stock Chart
From Jan 2023 to Feb 2023 Click Here for more Bed Bath and Beyond Charts.
Bed Bath and Beyond (NASDAQ:BBBY)
Historical Stock Chart
From Feb 2022 to Feb 2023 Click Here for more Bed Bath and Beyond Charts.