Signage outside a Bed Bath & Beyond retail store in New York, Aug. 25, 2022.
Gabby Jones | Bloomberg | Getty Images
Bed Bath & Beyond shares dropped after the retailer turned meme stock said in a filing it would sell shares of an undisclosed amount.
The shares dropped 19% in premarket trading.
The filing comes just hours before Bed Bath & Beyond is expected to outline a turnaround plan Wednesday in an attempt to win back the confidence of shoppers, investors and suppliers.
This is a developing story. Check back for updates.