|Bid||15.85 x 800|
|Ask||15.85 x 900|
|Day's range||15.76 - 16.50|
|52-week range||15.61 - 39.27|
|Beta (5Y monthly)||3.62|
|PE ratio (TTM)||N/A|
|Earnings date||25 Oct 2023 - 30 Oct 2023|
|Forward dividend & yield||N/A (N/A)|
|1y target est||38.17|
Overstock.com (NASDAQ:OSTK), the online furniture liquidator, is experiencing a significant drop in stock value following its rebranding to Bed Bath&Beyond (OTC:BBBYQ), despite initial investor enthusiasm. The company purchased Bed Bath&Beyond's brand and intellectual property for $21.5 million in June 2023 and officially implemented the name change on August 1.
AMC Entertainment (AMC) stock plunged today after revealing plans to sell up to 40 million shares. Alaska Air (ALK), United (UAL), and Southwest Airlines (LUV) warn of rising jet fuel costs impacting ticket prices. Lastly, Overstock (OSTK) shares dive on its revenues tied to the relaunch of Bed Bath & Beyond's website. Yahoo Finance Live examines several stocks making significant moves after Wednesday's closing bell.
Between inflation, supply chain issues, and concerns about consumer spending, there has been a lot for retailers to contend with. RapidRatings Executive Chairman James Gellert and Unity Marketing President-Founder Pamela Danziger joined Yahoo Finance Live to discuss the state of the retail industry right now. Gellert says smaller, private retailers are being "much more squeezed" than their larger counterparts. Danziger, meanwhile, says "the biggest question right now for retailers is consumer spending." Danziger points to a recent report from the National Retail Federation that warns consumer spending is slowing and that "we're really looking at, I think, a very potentially contracted environment for retailers coming up in the last half of the year." Click here to see more from the Yahoo Finance series "Retail Evolution: The New Era."