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.


Wj

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