Bed, Bath & Beyond Stock Dives As Ryan Cohen Moves to Sell Stake

Bed, Bath & More (BBBY) Shares fell sharply Thursday after major investor Ryan Cohen filed forms with the Securities and Exchange Commission to sell his entire stake in the struggling household goods retailer.

Cohen’s RC Ventures, which bought call options on Bed, Bath & Beyond stock earlier this year and has an 11.8% stake in the group, plans to sell about 9.45 million shares, according to Form 144. application published late Wednesday, worth about $148.5. million. If fully executed, Cohen would make about $60 million from the sale.

.

Be the first to comment

Leave a Reply

Your email address will not be published.


*