Meme Lord Ryan Cohen unloads Bed Bath & Beyond bet, sending stocks spiraling

Billionaire investor Ryan Cohen cashed out his entire position in Bed bath and beyond this week, capping a wild period of trading in the stock and marking the latest sign that meme stock mania is still alive.

Mr. Cohen, co-founder of a pet supply retailer Soft Inc., developed a deep fan base of individual investors last year after becoming chairman of GameStop Corp., the original meme store. In March, he revealed an activist stance in Bed Bath & Beyond, triggering a rally in his share price.


Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
Back to top button