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 Bathtub & Past this week, capping a wild stretch of buying and selling within the inventory and marking the newest signal that meme-stock mania remains to be alive.

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

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