Five months after disclosing a stake in Bed Bath & Beyond Inc., activist shareholder Ryan Cohen has tapped out, sparking a selloff in the shares of the home goods retailer.
The Union, New Jersey-based company slumped 27% in late trading, on top of a 20% fall in Thursday’s regular session, after a filing with the US Securities and Exchange Commission confirmed Cohen’s RC Ventures exited its entire position on the company.
Ryan Cohen’s Plan to Sell Bed Bath & Beyond Stake Fuels Rout (BBBY) & Latest News Update
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