After BBY, GameStop and AMC, Meme Stocks Are Back

Retailers Are Obsessed With Meme Stocks Again As Volume For Bed Bath & Beyond Shares (BBBY) AMC (AMC) and GameStop (GME) walking on.

The catalyst for the recent surge in these shares is that GameStop chairman Ryan Cohen said he plans to sell his stake in Bed Bath & Beyond.

A filing on August 18 revealed that he had sold his entire stake in the household goods retailer.

Why Bed Bath & Beyond shares Rose

Shares of Bed Bath & Beyond plunged 19.63% at market close on Aug. 18 after Cohen indicated in a Form 144 filed with the Securities and Exchange Commission on Aug. 16 that he plans to sell his stake. to sell. Cohen owns 9.45 million shares of the retailer through his company, RC Ventures.

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