Bed Bath & Beyond Stock Skyrockets After Billionaire GameStop Chair Cohen Discloses $120 Million Investment
Shares of retailer Bed Bath & Beyond more than doubled in early trading Monday after investor Ryan Cohen disclosed an outsize stake in the firm and sent a letter to management blasting the company’s dismal stock performance and falling revenues—mounting an effort similar to one that helped usher in massive stock gains for fellow brick-and-mortar GameStop last year.
https://www.forbes.com/sites/jonathanponciano/2022/03/07/bed-bath--beyond-stock-skyrockets-after-billionaire-gamestop-chair-cohen-discloses-120-million-investment/