- Bed Bath & Beyond Inc (NASDAQ:BBBY) has made additional shares available for sale under its existing at the market offering program (ATM Program). The maximum aggregate offering amount is up to $150 million.
- The ATM program was initially launched on August 31, 2022.
- Pursuant to the ATM program, the company previously sold an aggregate of 12 million shares for gross proceeds of about $75 million.
- The company intends to use the offering net proceeds for general corporate purposes, including rebalancing the company’s assortment and inventory and addressing debt.
- Price Action: BBBY shares are trading lower by 8.53% at $4.55 on the last check Friday.
Micron Tech Has Strong Demand And Competitive Edge For 2024, Deutsche Bank Upgrades To Buy
Deutsche Bank has upgraded Micron Technology Inc (NASDAQ: MU) from Neutral to Buy with a price target of $85 from $65, a ~20% potential upside from current levels.
