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Financing Deal

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business2 years ago

Bed Bath & Beyond's stock plummets on reverse stock split plans.

Bed Bath & Beyond's stock is down 13.8% in premarket trade, putting its rescue funding deal at risk. The company is seeking shareholder approval for a reverse stock split and has been removed from the S&P SmallCap 600 Index. The stock is currently trading at a 52-week low and is at high risk of performing poorly according to the SA Quant rating.