These 5 Stocks Are Crashing Today

4. Bed Bath & Beyond Inc. (NASDAQ:BBBY) is down 3.3% as of 11:32 AM ET after the New Jersey-based homeware retailer was downgraded to an Underperform rating with a price target of $15 at Telsey. The target price assumes a downside of 16.5% from the last closing price. Bed Bath & Beyond Inc. (NASDAQ:BBBY) reported its Q4 2021 results yesterday, which highlighted that the top line was impacted by $175 million due to low inventory levels. Bed Bath & Beyond Inc. (NASDAQ:BBBY) is expected to face the same problem in the near term as well.

Of the 924 hedge funds in Insider Monkey’s database, 17 funds held a stake in Bed Bath & Beyond Inc. (NASDAQ:BBBY) as of Q4 2021.