Shares of Bed Bath & Beyond (BBBY) Sees Large Outflow of Money

Bed Bath & Beyond (BBBY) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($3.86 million) and the uptick to downtick ratio was 0.84. The transaction value on upticks was $20.43 million and on downticks, the transaction value was $24.29 million. In block trades, the transaction value of inflow done during uptick was $1.46 million. The transaction value of block trades during downticks was $5.57 million. The uptick to downtick block trade ratio was 0.26. The money flow was negative ($4.11 million), indicating the traders were booking profit on the price strength. Bed Bath & Beyond (BBBY) rose $0.3 at $45.97, during intraday Tuesday , a rise of 0.66% over the previous days close.


Also, Major Brokerage house, Credit Suisse maintains its ratings on Bed Bath & Beyond (NASDAQ:BBBY). In the latest research report, Credit Suisse lowers the target price from $46 per share to $41 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on June 23, 2016.

Shares of Bed Bath & Beyond Inc. rose by 0.35% in the last five trading days and 2.04% for the last 4 weeks. Bed Bath & Beyond Inc. is up 3.56% in the last 3-month period. Year-to-Date the stock performance stands at -4.45%.

Bed Bath & Beyond (NASDAQ:BBBY): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $45.88 and $45.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $46.39. The buying momentum continued till the end and the stock did not give up its gains. It closed at $45.97, notching a gain of 0.66% for the day. The total traded volume was 2,838,840 . The stock had closed at $45.67 on the previous day.

In a related news,The officer (Chief Operating Officer) of Bed Bath & Beyond Inc, Castagna Eugene A sold 17,866 shares at $45.86 on August 12, 2016. The Insider selling transaction had a total value worth of $819,335. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Bed Bath & Beyond Inc. and subsidiaries is a retailer selling an assortment of domestics merchandise and home furnishings, which operates under the names Bed Bath & Beyond, Christmas Tree Shops, Christmas Tree Shops andThat! or andThat!, Harmon or Harmon Face Values, buybuy BABY and World Market, Cost Plus World Market or Cost Plus. Customers can purchase products from the Company either in-store, online or through a mobile device. In addition, the Company operates Of a Kind, an e-commerce Website that features specially commissioned, limited edition items from emerging fashion and home designers. It also operates Linen Holdings, a provider of a variety of textile products, amenities and other goods to institutional customers in the hospitality, cruise line, healthcare and other industries. The Company is a partner in a joint venture which operates retail stores in Mexico under the name Bed Bath & Beyond. It sells an assortment of domestics merchandise and home furnishings.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.