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Tag: tumble

‘Hold your nose and buy’ Bed Bath & Beyond on 19% tumble

Buy low, sell high is the old investor adage that pays dividends. Bed Bath & Beyond shares have tumbled near bear territory, reporting a disappointing third quarter Wednesday night. On Thursday, CNBC’s Jim Cramer said the 19% plunge is warranted, but he deemed it a prime opportunity for investors to “hold your nose and buy” …

‘Hold your nose and buy’ Bed Bath & Beyond on 19% tumbleRead More

Gap shares tumble after CEO Art Peck steps down, retailer issues weak forecast

Gap Inc. shares tumbled in extended trading Thursday after the company said CEO Art Peck will be stepping down immediately, and be replaced by the founders’ son temporarily.  Gap, which has been struggling to revive its sales, also slashed its forecast for the year, citing a “challenging quarter.” Its shares sank more than 7% in …

Gap shares tumble after CEO Art Peck steps down, retailer issues weak forecastRead More