![]() But now Cohen wants to cash in, and it is tanking the stock. It's possible that retail traders and others who consider this a meme stock didn't realize those call options had been purchased months ago, and thought Cohen was making a more current bet. Gustavo Arnal, the chief financial officer of the. The discussion of those call options seemed to be the catalyst for the recent surge in the company's stock price. New York (CNN Business) Shares of Bed Bath & Beyond is down nearly 20 in midday trading following the death of its one its top executives. That includes almost 8 million shares of common stock and the balance owned through call options purchased earlier this year. The latest Form 144 filing from Cohen indicates his intention to sell all of his over 9.45 million shares. View BBBY stock price historical chart Bed Bath & Beyond stock data graph & market activity. Bed Bath & Beyond shares plunged almost 30% in early trading, and remained down 23.6% as of 11:20 a.m. Bed Bath & Beyond stock chart and stats by TipRanks. The stock saw a brief spike in March, and then about five months of. But a new Securities and Exchange Commission (SEC) filing by Cohen dated Tuesday has the bubble bursting in the stock today. Ever since then, Bed Bath & Beyond stock has been in a tug of war between meme-fueled exuberance and traditionalist pessimism. The stock quadrupled in the first half of August as the meme stock craze took hold once again in the market. The stock quadrupled in the first half of. Then Bed Bath & Beyond's fortunes began to improve quickly. And now some commentators are predicting a "short squeeze" - a spike in a stock price that occurs when those who have bet against the stock rush to exit their toxic investment by buying the stock in question, thus driving up the price drastically.The saga surrounding Bed Bath & Beyond ( BBBY -1.62%) stock continued Thursday after yet another twist from widely followed activist investor Ryan Cohen. The saga surrounding Bed Bath & Beyond ( BBBY -9.29) stock continued Thursday after yet another twist from widely followed activist investor Ryan Cohen. Then in early August, it saw an uptick, and a Redditor named TheDude0007 posted about making a risky $45,000 investment in the company. The stock saw a brief spike in March, and then about five months of steady decline. Ever since then, Bed Bath & Beyond stock has been in a tug of war between meme-fueled exuberance and traditionalist pessimism. ![]() Jake Freeman shed light on his background, his. Naturally, r/wallstreetbets took notice, with one post praising Cohen as " the meme king," and saying "Ryan Cohen will never be matched," earning 10,423 Reddit karma points. A 20-year-old college student plowed 25 million into Bed Bath & Beyond stock, then cashed out a 110 million profit less than a month later. ![]() Meanwhile, small-fish investors who YOLO their life savings into stocks they read about on Reddit often simply lose their life savings.Īt the start of March, The Wall Street Journal reported that billionaire and GameStop chairman Ryan Cohen had written a letter disparaging Bed Bath & Beyond’s operational plan, and in the process, announced that he owned 9.8 percent of the company. In reality, stodgy bean counters like the folks at Senvest Management, which made about $700 million from the Gamestop Reddit phenomenon, are often the ones who make the most money from meme stocks. The meme stock phenomenon goes a little something like this: Users of retail investing apps and services like Robinhood read slur-laced stock "tips" on the internet, and then drive up stock prices, ostensibly in opposition to the stodgy bean counters in the traditional investment world. Reddit traders push GameStop stock to towering heights while pros look in disbelief ![]()
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