![]() ![]() 19- No respite for meme stock investors as Bed Bath & Beyond worries whether it can pay its bills: Just a day after its market cap lost a fifth of its value following a massive run-up in price, the meme stock popular on Reddit board WallStreetBets was set to plunge.Īug. 19- Some Bed Bath & Beyond suppliers halt shipments on unpaid bills: Several of the firms that provide credit insurance or short-term financing to vendors revoked coverage of the company.Īug. 19, as investors fled following news that GameStop chairman Ryan Cohen had indeed sold all of his holdings in the meme stock.Īug. ![]() 19- Bed Bath & Beyond shares plummet another 43% after Cohen exits the company: Shares of BBBY nosedived 43% at market open on Aug. 18- Ryan Cohen drives a 27% drop in Bed Bath & Beyond shares by selling his entire stake: Five months after disclosing a stake in Bed Bath & Beyond, activist shareholder Cohen tapped out, sparking a selloff in the shares of the home goods retailer.Īug. But the 20-year-old USC student posted on Reddit that he had exited his $130 million position before noon.Īug. 16, the share price of BBBY dropped from more than $26 a share to below $20 in a matter of minutes. 16- How a 20-year-old USC student netted $110m from a Bed Bath & Beyond stock dump at exactly the right time: By 2 p.m. 16 as retail investors on social media gravitated to the stock after a filing revealed activist investor Ryan Cohen was holding steady on his bet.Īug. 16- Bed Bath & Beyond shares jump as much as 78.8% after legendary meme stock investor’s latest bet: BBBY surged more than 70% on Aug. According to the report, her base salary will increase by $200,000, with an increase of her target annual bonus opportunity to 70%.Īug. The company filed a Form 8-K with the Securities and Exchange Commission naming Crossen the interim CFO. She has the full support of the organization, the board, and our outside advisors.” “Laura has been with the organization for more than 20 years and we are grateful for her leadership. “Laura Crossen, Bed Bath & Beyond’s chief accounting officer, will assume the role of interim chief financial officer,” a company representative told me in an email on Tuesday. Arnal joined the company in May 2020 following a career in finance at Avon, Walgreens Boots Alliance, and Procter & Gamble. His death was then ruled a suicide on Monday by New York City’s medical examiner. Over the Labor Day weekend, the retailer announced that its CFO Gustavo Arnal, 52, passed away, stating the organization is “profoundly saddened by this shocking loss.” Local reports confirmed that Arnal fell to his death on Sept. ![]() 381 on the Fortune 500, is in the midst of meme stock mayhem, dire financial straits, executive upheaval, controversy, and tragedy. ![]()
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