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BBBY.US
id: 127
Ryan Cohen, through his investment firm RC Ventures LLC, announced in SEC filing purchases of over one million January 2023 call options.
On this news, Bed Bath & Beyond's stock rose by 24% on August 16, 2022.
While the actions themselves look legitimate, taking into account his Director and major shareholder roles, and subsequent actions later the same month, there is reason to believe that the original intentions were manipulative, which can be seen as a violation of the rights of other market participants.
Case Status
Attorney Investigation
Alleged Offence
Price manipulation,
Insider Trading
Suspected Party
Directors,
Shareholder,
Influencer
Security Type
Stocks
Trade Direction
Short
Shock Event Date
15 August 2022