Once a meme-stock, Bed Bath & Beyond now just a struggling retailer

Rough times for Bed Bath & Beyond (Image: Getty)

Fri, 19 Aug 2022

(Bloomberg Opinion) – by Andrea FelstedWithout Ryan Cohen’s meme-stock magic, Bed Bath & Beyond Inc. is just another struggling retailer.Little wonder then that the shares fell almost 30% on Thursday, after Cohen’s RC Ventures said it may sell the majority of its 11.8% holding in the purveyor of bedding, towels and cookware.The shares surged 400% between late July and Wednesday’s close and were 40% higher than before Cohen disclosed his stake in the retailer in early March. The Chewy Inc co-founder and chairman...

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