profit

Ryan Cohen cashed in on Bed Bath & Beyond stock for over $58 million in profit;  stocks plummet again

Ryan Cohen cashed in on Bed Bath & Beyond stock for over $58 million in profit; stocks plummet again

Investor Ryan Cohen has confirmed that it will acquire its entire stake in retailer Bed Bath & Beyond Inc. sold for a profit of more than $58 million, and that its shares plunged for the second consecutive day in after-hours trading on Thursday. A filing with the Securities and Exchange Commission made public after markets …

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US student makes $110 million profit from trading meme stocks Bed Bath & Beyond

A 20-year-old American university student has made a profit of $110 million (£91 million) on a month-long bet on the meme stock Bed Bath & Beyond. Jake Freeman and his family bought nearly 5 million shares in the struggling US homewares retailer in July for less than $5.50 a share for a total spend of …

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HALLANDALE BEACH, FLORIDA - MAY 18: People wearing protective masks walk from a Walmart store on May 18, 2021 in Hallandale Beach, Florida. Walmart announced that customers who are fully vaccinated against Covid-19 will not need to wear a mask in its stores, unless one is required by state or local laws. The announcement came after the Centers for Disease Control and Prevention said that fully vaccinated people do not need to wear a mask or stay 6 feet apart from others in most cases, whether indoors or outdoors. (Photo by Joe Raedle/Getty Images)

Target profit drops 90% as inflation-weary shoppers pull back

But Target reported that its price cuts did little good: It ended the quarter with 1.5% more inventory than three months earlier and 36% more than a year ago. The company said it has reduced the amount of discretionary items in warehouses, but Target noted that sales of those items are “putting significant pressure on …

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