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.
SALT LAKE CITY, Sept. 07, 2023 (GLOBE NEWSWIRE) -- Bed Bath & Beyond, operated by Overstock.com, Inc. (NASDAQ:OSTK), announces participation in two upcoming investor conferences. Piper Sandler Growth Frontiers Conference – Nashville, TNOn September 12, 2023, Adrianne Lee, Chief Financial Officer, will participate in investor meetings and a fireside chat. Goldman Sachs 30th Annual Global Retailing Conference – New York, NYOn September 13, 2023, Jonathan Johnson, Chief Executive Officer, and Adria
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.