Activist investor Ryan Cohen has exited his position in retailer Bed Bath & Beyond, according to a securities filing released Thursday afternoon.
The filing shows that Cohen’s RC Ventures dumped its stock on Tuesday and Wednesday at a range of prices between $18.68 per share and $29.22 per share. The firm also sold its call options. Cohen said in a filing earlier this week that he intended to sell his holdings of the meme stock.
Shares of Bed Bath & Beyond have rocketed higher this month, fueled in part by retail traders in an apparent revival of the meme trading craze.
Cohen, who co-founded Chewy and is the chairman of GameStop, purchased more than 7 million shares and call options of Bed Bath & Beyond earlier this year. The company added board members of Cohen’s choosing and pushed out its CEO after RC Ventures revealed its stake.
Shares of the stock fell 20% in extended trading.
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