Bed Bath & Beyond's sinking stock price wipes nearly $100M in value off Vanguard funds
After a major investor sold his holdings in the struggling retailer and caused its stock price to plummet, Vanguard Group's holdings in the company lost 50% of its value from just two days ago.
https://www.bizjournals.com/philadelphia/news/2022/08/19/bed-bath-beyond-bbby-shares-stock-price.html
Correct, BBBY is <0.01% of VTSMX. I doubt anyone will notice a difference in their 401k.
What about the gains in the last month? The fund is still up even with the “loss”
FYI - this loss might be affecting your 401K since many institutions are invested in a variety of stocks, including BBBY. So don't be surprised when you get your next quarterly statement.
Oh, I don't care either. I just found it funny that not even investment giants like Vanguard are safe from this management's incompetence.
Hedge funds losing money. 🤔 Yeah nobody cares. Stock manipulation has led to this company doing knee jerk reactions.