This is entire article, great FUD reporting, updated an hour ago, to boot!
Bed Bath & Beyond Shares Sink Premarket After Ryan Cohen Files to Sell
By Caitlin McCabe
Billionaire investor Ryan Cohen this week filed to sell his entire stake in Bed Bath & Beyond.David Paul Morris/Bloomberg News
Bed Bath & Beyond's stock remained under pressure Thursday premarket after billionaire investor Ryan Cohen filed to sell his entire stake in the retailer.
Shares of Bed Bath & Beyond, known by its ticker $BBBY, stood 11% lower before the opening bell, at $20.49.
Mr. Cohen, the co-founder of Chewy and chairman of GameStop, this week proposed selling his whole stake, as well as call options on the stock. That sparked a pullback in Bed Bath & Beyond shares that began in late Wednesday trading.
Mr. Cohen helped ignite a new meme-stock frenzy in shares of Bed Bath & Beyond earlier this year when he disclosed a large stake in the company. Why? Mr. Cohen rapidly ascended from activist investor to GameStop chairman last year. He is revered by many individual investors, due to his cryptic tweets and plans to transform GameStop.
