: SEC investigating Ryan Cohen’s Bed Bath & Beyond trades: WSJ


The Securities and Exchange Commission is investigating billionaire and activist investor Ryan Cohen’s purchase and abrupt sale last year of shares of onetime home-goods retail chain and meme stock Bed Bath & Beyond, the Wall Street Journal reported on Thursday. The report comes after Cohen took a $120 million stake in the company last year, with hopes of shaking up business, tweeted “positively” about the retailer and days later offloaded the stake that August, the Journal said. The SEC is seeking information from Cohen about the trades and communications with higher-ups at the retailer, the Journal said, noting that…

This article was originally published by Marketwatch.com. Read the original article here.

Previous articleMarketWatch First Take: Sorry, Elon, a ‘super app’ is never going to fly in the U.S.
Next articleHere’s why Wall Street may be overreacting about Apple’s China’s challenges


Please enter your comment!
Please enter your name here