Bed, Bath & Beyond slumps 35% after delisting notice

Share price of Bed, Bath & Beyond (BBBY.US) is under massive pressure today, dropping around 35% on the day. Company, which is undergoing bankruptcy, received a delisting notice from NASDAQ yesterday. Trading in the company's shares will be suspended at the Wall Street cash session open on Wednesday next week (May 3, 2023). Decision comes as a result of a bankruptcy filing. Bed Bath & Beyond also canceled the holder meeting scheduled for May 9, 2023.

Bed Bath & Beyond (BBBY.US) drops 35% today, extending the year-to-date decline to around 95%. Company's shares will be suspended from trading on NASDAQ on May 3, 2023. Source: xStation5