Ryan Cohen Said To Be Under SEC Scanner Over His 'Sketchy' Bed Bath & Beyond Trades
Portfolio Pulse from Shanthi Rexaline
Ryan Cohen, co-founder of Chewy Inc. and executive chairman of GameStop Corp., is reportedly under investigation by the SEC over his trades in Bed Bath & Beyond's stock. Cohen's investment firm, RC Ventures, took a 9.8% stake in Bed Bath & Beyond in March 2022, which he sold off in August 2022 for a profit of $60 million. The SEC is now requesting information from Cohen about his trades and his communications with Bed Bath & Beyond's management.
September 08, 2023 | 9:28 am
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NEGATIVE IMPACT
Bed Bath & Beyond is under scrutiny due to the SEC's investigation into Ryan Cohen's trades. This could potentially impact the company's stock price negatively in the short term.
The SEC's investigation into Ryan Cohen's trades could lead to negative publicity for Bed Bath & Beyond, potentially causing a decrease in the company's stock price in the short term.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
As Ryan Cohen, co-founder of Chewy Inc., is under SEC investigation, this could potentially impact the company's stock price negatively in the short term.
The SEC's investigation into Ryan Cohen could lead to negative publicity for Chewy Inc., potentially causing a decrease in the company's stock price in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
As Ryan Cohen, executive chairman of GameStop Corp., is under SEC investigation, this could potentially impact the company's stock price negatively in the short term.
The SEC's investigation into Ryan Cohen could lead to negative publicity for GameStop Corp., potentially causing a decrease in the company's stock price in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50