Home » Bed Bath & Beyond: Cohen sells entire stake, collapses in after hours

Bed Bath & Beyond: Cohen sells entire stake, collapses in after hours

by admin

Still in the spotlight is the meme stock Bed Bath & Beyond, which rose by about 360% in the last month on the wave of purchases by retail traders on Wall Street. However, news came yesterday that GameStop president Ryan Cohen is selling his entire stake in the company. Cohen’s venture capital firm RC Ventures holds an 11.8% stake in Bed Bath & Beyond and expects to sell that stake within the next 90 days. This move comes after RC Ventures announced earlier this week that it holds 9.45 million shares of Bed Bath & Beyond, including call options on 1.67 million shares.

See also  Piazza Affari closed up, ENI and Enel did well

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy