Meme Lord Ryan Cohen Unloads Bed Bath & Beyond Bet, Sending Shares Spiraling

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Billionaire investor Ryan Cohen cashed out his whole place in Mattress Tub & Past this week, capping a wild stretch of buying and selling within the inventory and marking the most recent signal that meme-stock mania continues to be alive.

Mr. Cohen, the co-founder of pet-supply retailer Chewy Inc., developed a deep fan base of particular person buyers final yr after he ascended to become chairman of GameStop Corp., the unique meme inventory. In March, he revealed an activist position in Mattress Tub & Past, sparking a rally in its share worth.

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