Overstock shares are trading lower after the company said it expects Bed Bath & Beyond revenue to decline in the mid-teens percent range on a year-over-year basis.
Portfolio Pulse from Benzinga Newsdesk
Overstock shares are trading lower after the company announced it expects Bed Bath & Beyond's revenue to decline in the mid-teens percent range on a year-over-year basis.
September 06, 2023 | 3:34 pm
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Overstock's stock price is trading lower due to the company's expectation of a decline in Bed Bath & Beyond's revenue.
Overstock's stock price is trading lower due to the company's expectation of a decline in Bed Bath & Beyond's revenue. This negative outlook could lead to a decrease in investor confidence, thereby affecting the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100