A Rough Week For The Apes
After hitting a high of $30 on Wednesday, shares of Bed Bath & Beyond (NASDAQ:BBBY) fell to $18.55 Thursday, on news that billionaireChewy, Inc.(NYSE:CHWY) founder,GameStop Corp.(NYSE:GME) chairman, and pied piper of Wall Street Bets apes Ryan Cohen had dumped his entire stake in the ailing retailer.
Chart via ZeroHedge.
After hours, the bloodbath continued, with BBBY dropping another ~45% to $10.27.
ZeroHedge had all the sordid details, but since I traded BBBY in my personal account during this fiasco, I thought I'd note here where I went wrong and where I...
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