Ryan Cohen

2022 - 8 - 18

Activist investor Ryan Cohen completes planned sale of Bed Bath ... (CNBC)

Cohen said in a filing earlier this week that he intended to sell his holdings of the meme stock.

Cohen originally purchased his shares of Bed Bath & Beyond at an average of roughly $15.34 per share. Bed Bath & Beyond in June reported that its first-quarter net sales were down 25% year over year, resulting in a net loss of $358 million. Bed Bath & Beyond has seen abnormally high trading volume this month, and the stock has become the dominant topic of conversation on Reddit's WallStreetBets page. [GameStop](//www.cnbc.com/quotes/GME), purchased more than 7 million shares and call options of Bed Bath & Beyond earlier this year. [filing](https://www.sec.gov/Archives/edgar/data/0001822844/000092189522002496/sc13da313351002_08182022.htm) shows that Cohen's RC Ventures dumped its stock on Tuesday and Wednesday at a range of prices between $18.68 per share and $29.22 per share. Shares were up more than 200% in August as of Thursday's close. The stock closed at $11.03 per share. According to CNBC calculations, Cohen made about $59 million, before brokerage fees, on his trade of Bed Bath & Beyond common stock. The firm also sold its call options. Shares of Bed Bath & Beyond have - Cohen originally purchased his shares of Bed Bath & Beyond at an average of roughly $15.34 per share. - The filing shows that Cohen's RC Ventures dumped its stock on Tuesday and Wednesday at a range of prices between $18.68 per share and $29.22 per share.

Bed Bath & Beyond Falls Over 20% After Investor Ryan Cohen Sells ... (Forbes)

Analysts warn that after a recent meme stock rally, Bed Bath & Beyond's valuation has become further “disconnected” from reality.

Before Thursday, Bed Bath & Beyond’s stock had skyrocketed roughly 300% amid enthusiasm from retail traders on the likes of Reddit’s WallStreetBets chat room. While Cohen’s purchase earlier this week was viewed as a vote of confidence by investors, there is a strong likelihood that the latest disclosure about him selling his stake has undoubtedly tempered enthusiasm around the stock. [Bed Bath & Beyond Jumps 29% As Meme-Stock Traders Snap Up Shares Despite Analyst Warnings](https://www.forbes.com/sites/sergeiklebnikov/2022/08/16/bed-bath--beyond-jumps-30-as-meme-stock-traders-snap-up-shares-despite-analyst-warnings/) (Forbes) [Bed Bath & Beyond Surges Nearly 40% As Retail Traders Pile Back Into Meme Stocks](https://www.forbes.com/sites/sergeiklebnikov/2022/08/08/bed-bath--beyond-surges-nearly-40-as-retail-traders-pile-back-into-meme-stocks/?sh=36f0a0ce6d1e) (Forbes) [Bed Bath & Beyond Stock Jumps Over 20% After New CEO Buys 50,000 Shares](https://www.forbes.com/sites/sergeiklebnikov/2022/07/07/bed-bath-beyond-stock-jumps-over-20-after-new-ceo-buys-50000-shares/?sh=32aaeec6198e) (Forbes) [AMTD Digital May Be The New ‘Perfect Meme Stock,’ Loses $100 Billion In Value In One Day After Rising Over 125%](https://www.forbes.com/sites/sergeiklebnikov/2022/08/03/amtd-digital-may-be-the-new-perfect-meme-stock-loses-70-billion-in-value-in-one-day-after-rising-over-125/) (Forbes) That news of a looming sale prompted Wedbush analyst Seth Basham earlier in the day to downgrade Bed Bath & Beyond shares to a “sell” rating on Thursday, Shares of Bed Bath & Beyond, a favorite with the meme stock crowd, plunged after analysts warned that the retailer is losing a “key support leg” in the form of activist investor Ryan Cohen, who completed a sale of his more than 10% stake in the retailer late on Thursday. Investors dumped shares—following a 20% decline during the day—after news that GameStop chairman and activist investor Ryan Cohen completed a sale of his nearly 10 million shares and options in Bed Bath & Beyond, worth roughly $150 million, according to

Live news updates: Bed Bath & Beyond plummets 35% as Ryan ... (Financial Times)

Bed Bath & Beyond shares tumbled more than 35 per cent in extended trading on Thursday after one of the company's largest shareholders officially sold his ...

[Purchase a Print subscription for 11,12 € per week You will be billed 107,91 € per month after the trial ends](https://subs.ft.com/spa3_uk3m?segmentId=461cfe95-f454-6e0b-9f7b-0800950bef25&utm_us=JJIBAX&utm_eu=WWIBEAX&utm_ca=JJIBAZ&utm_as=FIBAZ&ft-content-uuid=b8ab0e5b-18e0-414b-924b-9a20aea87707) [Purchase a Digital subscription for 6,64 € per week You will be billed 39 € per month after the trial ends](https://subs.ft.com/spa3_digital?ft-content-uuid=b8ab0e5b-18e0-414b-924b-9a20aea87707) [Purchase a Trial subscription for 1 € for 4 weeks You will be billed 65 € per month after the trial ends](/signup?offerId=41218b9e-c8ae-c934-43ad-71b13fcb4465&ft-content-uuid=b8ab0e5b-18e0-414b-924b-9a20aea87707)

Calls for SEC probe mount after meme stock king's potential pump ... (Fortune)

Some investors smell a rat and are calling for Gary Gensler to investigate whether the activist investor may have manipulated markets.

[GameStop](https://fortune.com/company/gamestop), where he serves as chairman of the board. A key pillar of that is foreign governments, companies, and individuals investing their excess savings in the U.S.’s deep, liquid financial markets. A number dismissed the criticism as a possible attempt by hedge funds to cash in, by sowing fear, uncertainty, and doubt (“FUD”) just before an allegedly large number of bearish options bets are set to expire on Friday. I have much respect for everyone working on the ground in our stores,” he [posted](https://twitter.com/ryancohen/status/1550293000344899584?s=20&t=s-e4po_p-yLYbc9F3lt5YA). This was seen as a fresh renewal of his confidence in the company’s slumbering value. [remarked one user](https://www.reddit.com/r/wallstreetbets/comments/wr43d5/bbby_a_timeline_of_interesting_events_is_it_clear/) on the subreddit. [posted](https://twitter.com/jimcramer/status/1559900072124583936?s=20&t=BlcmvoVJwMk4uvWL-xT2IQ), later [adding](https://twitter.com/jimcramer/status/1560028580393979910?s=20&t=BlcmvoVJwMk4uvWL-xT2IQ), “I will say this about Primatologist-in-chief Ryan Cohen: he has ridden a wave of Jane Goodall’s finest all the way to the bank.” [Enron and Worldcom scandals](https://twitter.com/GaryGensler/status/1554552755972358144?s=20&t=UxCE7D4PnSnkETm0W0FJnQ) 20 years ago. [inflation-fighting Federal Reserve](https://fortune.com/2022/06/15/fed-raises-interest-rates-inflation/) began hiking rates at a draconian pace of [75 basis points a month](https://fortune.com/2022/07/27/fed-raises-rates-by-75-basis-points-inflation/). [sell his out-of-the-money call options](https://www.reddit.com/r/wallstreetbets/comments/wqzdz0/ryan_cohen_did_not_sell_shares_he_filed_a_form/) before they expire in January and hadn’t necessarily sold anything yet. [pump and dump](https://twitter.com/StanphylCap/status/1559991930750226433?s=20&t=RK5PJgc-n5p4-uS0ILoDkg): “Thanks to [former SEC chair Jay] Clayton and now Gensler, this market is now the wild, wild west.” [very same day](https://sec.report/Form/144-PAPER/43719) he intended to sell [his entire stake](https://www.cnbc.com/2022/08/17/bed-bath-beyond-shares-fall-more-than-10percent-after-investor-ryan-cohen-reveals-intent-to-sell-entire-stake.html), equivalent to 1.67 million shares locked up in his new options derivative contracts as well as a further 7.78 million in conventional cash equity shares, notifying regulators the sale could commence immediately.

Meme Lord Ryan Cohen Unloads Bed Bath & Beyond Bet, Sending ... (The Wall Street Journal)

Move comes roughly five months after taking a major stake in the company and pushing for changes.

[After Six Months of War in Ukraine, Momentum Tilts Against Russia](https://www.wsj.com/articles/after-six-months-of-war-in-ukraine-momentum-tilts-against-russia-11661247003?mod=trending_now_news_1) [Where Are People Living the Longest? [to become chairman](https://www.wsj.com/articles/gamestop-set-to-complete-board-overhaul-with-ryan-cohens-election-as-chairman-11623231002?mod=article_inline) of GameStop Corp. In March, he [revealed an activist position](https://www.wsj.com/articles/gamestop-chairman-ryan-cohen-takes-large-stake-in-bed-bath-beyond-pushes-for-changes-11646611200?mod=article_inline) in Bed Bath & Beyond, sparking a rally in its share price. [Today's Expedia promo code: Extra 8% off your stay](https://www.wsj.com/coupons/expedia) [60% off running shoes and apparel at Nike](https://www.wsj.com/coupons/nike) Billionaire investor Ryan Cohen cashed out his entire position in Bed Bath & Beyond Inc.

Bed Bath & Beyond shares plummet after Ryan Cohen confirms ... (Financial Times)

Divestment by GameStop chair caps frenzied week for struggling homeware retailer.

[Purchase a Print subscription for 11,12 € per week You will be billed 107,91 € per month after the trial ends](https://subs.ft.com/spa3_uk3m?segmentId=461cfe95-f454-6e0b-9f7b-0800950bef25&utm_us=JJIBAX&utm_eu=WWIBEAX&utm_ca=JJIBAZ&utm_as=FIBAZ&ft-content-uuid=93942b93-e0b5-46ca-80ae-cf166498ba4a) [Purchase a Digital subscription for 6,64 € per week You will be billed 39 € per month after the trial ends](https://subs.ft.com/spa3_digital?ft-content-uuid=93942b93-e0b5-46ca-80ae-cf166498ba4a) [Purchase a Trial subscription for 1 € for 4 weeks You will be billed 65 € per month after the trial ends](/signup?offerId=41218b9e-c8ae-c934-43ad-71b13fcb4465&ft-content-uuid=93942b93-e0b5-46ca-80ae-cf166498ba4a)

Bed Bath & Beyond Sinks 44% After Ryan Cohen Exits Stake (Bloomberg)

Bed Bath & Beyond Inc. shares tumbled as much as 44% in premarket trading, giving back much of this month's huge gains, after top investor Ryan Cohen exited ...

Ryan Cohen's $60 million Bed Bath u-turn triggers meme stock ... (Reuters)

Investors flooded social media platforms such as Reddit on Friday with criticism of Ryan Cohen's sale of his stake in Bed Bath & Beyond Inc , blaming him ...

I'll probably be looking to exit that," Bennett said. Bed Bath said in a regulatory filing on Thursday it was working with external financial advisors and lenders on strengthening its balance sheet, an admission that it needs to raise capital to stay afloat. On Wallstreetbets, the Reddit forum frequented by such investors, some lamented their losses and Cohen's role. Bed Bath & Beyond shares fell 20% on Thursday after filings revealed Cohen planned to sell his shares. The billionaire investor disclosed on Thursday he had sold his 9.8% stake in the struggling home goods retailer almost five months after amassing it and pushing for changes. Register now for FREE unlimited access to Reuters.com

Bed Bath & Beyond Stock Crashes After Ryan Cohen Sells Stake (The New York Times)

Trading in the retailer's stock was turbulent after an investor disclosed a 10 percent stake and then indicated that he had cashed out.

Things might get into a gray area, Professor Taylor said, if Mr. But that sort of intent would be hard to prove, he said. He sold a portion of his investment in Bed Bath & Beyond on Tuesday, at prices ranging from about $18 to $26 a share and more on Wednesday at $23 to $29. [The filing](https://www.sec.gov/Archives/edgar/data/886158/000119380522001197/xslF345X02/e621885_3-bbby.xml) sent retail traders into a frenzy. Its stock market fortunes were reinvigorated earlier this week after Mr. [he disclosed his initial stake](https://www.sec.gov/Archives/edgar/data/886158/000119380522000426/sc13d13351002_03072022.htm), but Bed Bath & Beyond has since bought back some of its shares, making him a major shareholder and requiring him to file updated forms. As of last week, its shares had fallen about 40 percent since it announced its deal with Mr. But the retailer has continued to struggle since then: Its chief executive, Mark Tritton, was ousted in June, and it reported a net loss of about $358 million in the most recent quarter with only $140 million in cash on hand, down from more than $1.1 billion a year before. [called for several changes](https://s.wsj.net/public/resources/documents/bbbletter030622.pdf) at the company, including a sale of the Buy Buy Baby brand. Cohen had taken his money out of the company. Cohen, who founded the online retailer Chewy and is the chairman of GameStop, has become a favorite of individual investors who [have driven meme stock mania](https://www.nytimes.com/2021/03/13/technology/crypto-art-NFTs-trading-cards-investment-manias.html). [as much as 70 percent](https://www.cnbc.com/2022/08/16/bed-bath-beyond-soars-70percent-as-meme-traders-bet-on-ryan-cohen.html) as small investors also piled in to the stock.

Ryan Cohen

Explore the last week