What's going on with BBBY stock?

Additionally, it is currently heavily shorted. Outside major exchanges, almost half the shares are held short as fundamental analysts predict it’s headed to $1. BBBY stock opened today at about $14 per share. What’s Going On? The last month’s rally in the stock market, with the S&P 500 up 13% and the Nasdaq up 16%, has lifted all boats.

How much is BBBY stock worth?

BBBY’s common stock is still only worth around $360 million at its current $4 price. An at-the-market offering (if regulators even approve one) might raise $150 million or $200 million at best, barely covering two months of cash burn.

Why did BBBY share price fall?

High short interest and social media-driven frenzy sparked a rally that saw BBBY rise over 500% from the start of the month to a five-month high of $30 by 17 August 2022. Since then BBBY share price has slumped to below $10 in the first week of September, hurt by news of poor quarterly financial performance, job cuts and the closures of 150 stores.