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BBBY.US
id: 128
Ryan Cohen, through his investment firm RC Ventures LLC, announced that he would sell his entire stake in Bed Bath & Beyond. Later on August 18, 2022, Bloomberg published an article disclosing that the Company hired a law firm to help with its debt.
On this news, Bed Bath & Beyond shares fell by 19%, to close at $18.55 per share on August 18, 2022.
While the actions themselves look legitimate, taking into account his Director and major shareholder roles, and previous actions earlier this month and year, 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
Inactive Investigation
Alleged Offence
Price manipulation
Insider Trading
Suspected Party
Directors
Shareholder
Influencer
Security Type
Stocks
Trade Direction
Long
Shock Event Date
08/18/2022
Collecting participants…

Bed Bath & Beyond Inc

Bed Bath & Beyond Inc., together with its subsidiaries, operates a chain of retail stores. It sells a range of domestics merchandise, including bed linens and related items, bath items, and kitchen...

    Ticker
    BBBY.US
    ISIN
    US0758961009
    CIK
    886158
    Sector
    Consumer Cyclical
    Industry
    Specialty Retailers
    Country
    USA
    Address
    650 Liberty Avenue, Union, NJ, United States, 07083