Bed Bath & Beyond sinks 35% after the retailer says it lacks funds to pay debts and receives a default notice from JPMorgan

• Bed Bath & Beyond shares plunged Thursday after a fresh warning about its struggling financial condition. 
• The struggling housewares retailer said it lacked funds to pay down debt, and JPMorgan said it was in loan default. 
• Bed Bath & Beyond has already said it may have to file for bankruptcy. 

Bed Bath & Beyond shares plummeted Thursday after the struggling housewares retailer said loans have been called in by JPMorgan and that it lacked the cash to pay down debt, underscoring bankruptcy concerns. 

The stock hit an intraday low of $2.10, down 35%, and triggered two trading halts during afternoon trade. The loss was later pared to 22% as shares closed at $2.52.