The stock, which had traded under the ticker BBBY on the Nasdaq, is trading over the counter under the ticker BBBYQ.
Shares of Bed Bath & Beyond Inc. began trading over the counter Wednesday after the Nasdaq started the delisting process for the bankrupt home-goods retailer and sometime meme-stock darling.
Trading under the ticker BBBYQ, Bed Bath & Beyond BBBYQ shares opened at 7.5 cents Wednesday and ended the session up 30.4% at 9.8 cents. The stock is up 43% Thursday and is trading at 14 cents. This, of course, is a far cry from Bed Bath & Beyond’s Nasdaq heyday. Trading under the ticker BBBY, the stock closed at a record $80.48 on Jan. 3, 2014, after adjusting for four 2-for-1 stock splits along the way.
The home-goods retailer’s bankruptcy came after a troubled couple of years marked by strategic missteps, cash burn, challenging underlying business trends and the impact of the COVID-19 pandemic.Once a staple of the U.S. retail landscape, Bed Bath & Beyond was founded by Warren Eisenberg and Leonard Feinstein and opened its first two stores in 1971, in Springfield, N.J., and Cedarhurst, N.Y. The company grew exponentially over the following decades, opening its 100th store, in Irvine, Calif.
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