![]() If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that ’s writers disclose this fact and warn readers of the risks. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. Following the Company’s commencement of voluntary proceedings under Chapter 11 of the United States Bankruptcy Code, trading in the Companys common stock (Nasdaq: BBBY) was suspended at the opening of business on May 3, 2023. Its current price per share is approximately 0.23. ![]() On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. Bed Bath & Beyond Inc.s stock symbol is BBBYQ and currently trades under OTCMKTS. Reportedly, the firm could be looking to buy the company’s Buy Buy Baby chain or potentially all of its assets. Sixth Street is Bed Bath & Beyond’s senior lender. “Sixth Street is planning to use more than $500 million of its debt in the company to bid, the report said, citing the investment firm’s lawyer in a bankruptcy-court hearing on Wednesday If other offers for Bed Bath & Beyond’s assets come up less than what Sixth Street considers satisfactory, the lender plans to bid in the form of debt forgiveness.” Now, though, there are reports that another bidder may be emerging: Sixth Street. When that fell through, so did any hope that Bed Bath would survive. Its goal was to secure enough financing to pay back creditors and bolster the business. In any regard, the retailer tried to secure a last-minute deal in March to continue its operations. soared in late trading on Tuesday after announcing accelerated share buybacks and the launch of a new digital marketplace for merchandise from third-party producers. Along with GameStop (NYSE: GME) and AMC Entertainment (NYSE: AMC), BBBYQ was a short-squeeze favorite - or at least it was before the “Q” got added to the end of its ticker. ![]() In fact, more than 230 firms have already gone bankrupt this year (and that tally was through April).įor Bed Bath & Beyond, though, BBBYQ stock continues to garner quite a bit of attention, having been a favorite among momentum traders. Of course, a company going bankrupt is not that uncommon, even on the larger business levels. ![]() Today, Bed Bath is making headlines as another potential bidder for its assets emerges. Source: Mark Roger Bailey / Īs Bed Bath & Beyond (OTCMKTS: BBBYQ) continues to go through its bankruptcy process, BBBYQ stock remains in the news. ![]()
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