Bed Bath & Beyond's Stock Plummets on Reverse Stock Split Plans.

1 min read
Source: Benzinga
Bed Bath & Beyond's Stock Plummets on Reverse Stock Split Plans.
Photo: Benzinga
TL;DR Summary

Bed Bath & Beyond shares dropped by around 24% after announcing a special shareholder meeting to approve a 1-for-5 to 1-for-10 reverse stock split. Credit Suisse shares dipped 52.9% after UBS agreed to acquire the bank for $3.2 billion. Meanwhile, Loyalty Ventures and Gelesis Holdings were among the top gainers.

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