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Blood Bath & Beyond: Trading the Ryan Cohen Carnage in BBBY: A Rough Week for the Apes.

Benzinga Real-time News ·  Aug 20, 2022 00:54

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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