Bed Bath & Bonkers: Retailer's stock plunges following wild surge
CNN
The saga of struggling retailer Bed Bath & Beyond keeps getting curiouser and curiouser.
Shares of the company have surged more than 60% in the past week and soared nearly 250% in the past month thanks to meme investors on Reddit. Those self proclaimed "apes" have been touting the fact that Ryan Cohen, the Chewy (CHWY) founder and GameStop (GME) chairman, had taken a nearly 10% stake in the company just a few months ago.
But it now appears Cohen is preparing to unload his shares in the retail chain.
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