Bed Bath & Beyond reported a 25% drop-off in sales in its most recent quarter, which followed a 22% sales decline the previous quarter.
Cohen sold all of the nearly 7.8 million shares he held in Bed Bath & Beyond on Tuesday and Wednesday, at prices between $18.68 and $29.22. He also sold options tied to the stock. In March, he first revealed that he had built a nearly 10% stake in Bed Bath & Beyond, with shares purchased at prices between $13.08 and $17.10.
"How many times are ‘meme traders’ going to keep mindlessly gambling on false prophets instead of actually learning how to invest and trade?" one commenter wrote. Cohen was a big reason many investors piled into Bed Bath & Beyond, particularly after his earlier investment into heights that stunned all of Wall Street. As Bed Bath & Beyond’s stock kept going higher in recent days, many voices on Reddit and other social media sites urged other investors to keep buying. Along the way, some reveled in facing down the professional investors who had bet Bed Bath & Beyond’s stock would fall.
Despite all the furor, Bed Bath & Beyond continues to lose money as it struggles to navigate the post-pandemic retail landscape.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Bed Bath & Beyond tumbles after influential investor exitsThe newest meme stock on Wall Street, Bed Bath & Beyond, is tumbling even further in after-hours trading Thursday after a high-profile activist investor confirmed that's he's bailed out of the stock.
Weiterlesen »
Student, 20, makes $110 million trading meme stock Bed Bath & BeyondJake Freeman had amassed a 6.2 percent stake in the struggling housewares chain before the share price skyrocketed.
Weiterlesen »
Bed Bath & Beyond Earnings News: What next for BBBY stock after collapse?BedBathBeyond stock sparks a blood bath among retail investors as it collapses, $BBBY stock falls to $10 after hours on Thursday as ryancohen sells stake. BBBY is also rumored to have hired top bankruptcy lawyers by ivanbrian9 stocks trading
Weiterlesen »
USC student makes $110 million selling Bed Bath & Beyond meme stockA 20-year-old student at the University of Southern California took a gamble and it paid off big.
Weiterlesen »
Bed Bath & Beyond tumbles after influential investor exitsThe move disappointed hordes of smaller-pocketed investors, who piled into the stock amid hopes it could soar like GameStop shares did last year.
Weiterlesen »