Bed Bath & Beyond, a well-known home goods retailer, has had a tumultuous ride in recent years, including filing for Chapter 11 bankruptcy.
As a result, the stock was delisted from the NASDAQ exchange, and you can no longer trade it under the symbol BBBY.
However, there are still ways to invest in the company through over-the-counter (OTC) trading.
OTC trading allows investors to purchase and sell shares of companies that are not listed on major exchanges like the NASDAQ or NYSE.
Instead, these stocks are traded through a network of brokers and dealers who connect buyers and sellers directly.
This means that OTC trading can be riskier than trading on major exchanges because there is less liquidity, and pricing can be more volatile.
Trading apps like Robinhood do not support OTC trading, so you can't buy shares there.
To purchase Bed Bath & Beyond stock through OTC trading, you will need to open an account with a brokerage that supports this type of trading.
Fidelity is one example of a brokerage that supports OTC trading, and they allow investors to purchase shares of BBBYQ, the stock's new ticker symbol.
Before you buy any stock, it is important to do your research and understand the risks involved.
Investing always comes with risk, and there is no guarantee that your investment will perform as expected. Make sure you have a solid understanding of the company's financials, management, and competitive landscape before making any investment decisions.
In summary, buying Bed Bath & Beyond stock is still possible through OTC trading, despite the stock's delisting from the NASDAQ exchange.
However, OTC trading comes with more risks than trading on major exchanges, so it is important to do your due diligence before making any investment decisions.
Don't forget to grab your free stock worth up to $200 from Robinhood today!
Get 1 Free Stock Worth Up To $200 From Robinhood!
Don't Miss This Opportunity!
Investing Simple readers can claim a free stock from Robinhood worth up to $200 when they open a brokerage account and deposit any amount.
For US Residents only. Investing Simple is affiliated with Robinhood, and we may earn a commission when you sign up for Robinhood.
