Bed, Bath & Beyond Stock Extends Slide On $60 Million Cohen Exit

Bed, Bath & More (BBBY) Shares extended declines Monday, pushing the meme stock favorite to its lowest level in three weeks, as investors continue to exit the troubled household goods retailer after last week’s $60 million sale by activist investor Ryan Cohen.

Cohen’s RC Ventures sold all hits of 9.45 million shares in Bed, Bath & Beyond last week, just months after putting three of these allies on the company’s board, raising about $60 million.

However, the timing of the sale has raised questions with some investors and could spark interest from the Securities and Exchange Commission given Cohen’s close proximity to management talks with “external financial advisors and lenders about strengthening our balance sheet.”

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