Meme Lord Ryan Cohen Unloads Bed Bath & Beyond Bet, Sends Stocks into a Spiral

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

Mr. Cohen, co-founder of Pet Retailers Sticky Inc., developed a deep fan base of individual investors last year after he became chairman of the GameStop Corp., the original meme stock. In March, he revealed an activist position in Bed Bath & Beyond, sparking a rise in the stock price.

Source link

Back to top button

mahjong ways

mahjong slot