1/17/2024 0 Comments Bed bath beyond stock redditThe SEC is reportedly seeking details from Cohen about his trades and his conversations with top executives at the now-defunct home goods retailer. However, in August of the same year, a regulatory filing revealed that Cohen bailed on his Bed Bath & Beyond position when the stock made an impressive rally. He mentioned that he was urging the company to explore different options, including going private. Securities and Exchange Commission (SEC) is looking into Cohen's ownership of Bed Bath & Beyond shares and his unexpected decision to sell them.īack in March 2022, Cohen announced that he had acquired a nearly 10% stake in the retailer. However, the situation involving Cohen and Bed Bath & Beyond is far from ideal.Īccording to a report in the Wall Street Journal, the U.S. This optimism has pushed BBBYQ up by nearly 30% in the last five days. There's speculation that Ryan Cohen, GameStop's (GME) - Get Free Report executive chair and an erstwhile investor in Bed Bath & Beyond, might make a new investment in the company. Surprisingly, even though the funeral date for Bed Bath & Beyond appears to be set, some shareholders are holding out hope for a last-minute savior who could turn the company's fortunes around. Put simply, the company's shareholders will be left with absolutely nothing - not a dime. This is expected to occur "on or about" September 30. The Plan clarifies that all these shares will be effectively canceled and no longer have any value once it takes effect. The Plan primarily involves a controlled winding down of the company's operations and the transfer of its assets to the "Wind-Down Debtors."Īccording to the most recent financial information, the company still has $42.4 million in total assets and a significant debt of approximately $1.5 million.Īccording to the plan, there were 782 million outstanding BBBYQ common shares on July 20. The "Plan" outlines the actions to be taken regarding the company and its assets as part of its bankruptcy proceeding. Most information to help you learn and practice can be found in our wiki.īankrupt home goods retailer Bed Bath & Beyond (BBBY) - Get Free Report has released a new document, which a court has approved. Related Subreddits (see the rules above for related subs as well) Read here for more info.Īlmost any post related to stocks and investment is welcome on /r/stocks, including pre IPO news, futures & forex related to stocks, and geopolitical or corporate events indicating risks outside this is offtopic and can be removed. Consider posting to r/SPACs, r/pennystocks, or r/weedstocks instead. No penny stock discussions, including OTC, microcaps, pump & dumps, low vol pumps and SPACs. Non-ETF-related Crypto goes on r/CryptoCurrencies info. No bitcoin or crypto discussions unrelated to stocks. Trolling, insults, or harassment, especially in posts requesting advice, will be removed. Posts regarding this topic will be automatically removed. The Robinhood app should be discussed in /r/Robinhood. Low effort mentions for meme stocks will be removed, see here. Instead, advertise here.Ĭontext & effort must be provided empty posts or empty posts with links will be automatically removed. Spam, ads, solicitations (including referral links), and self-promotion posts or comments will be removed and you might get banned. Rules (in depth rules wiki here)ĭisclose any related open positions when discussing a particular stock or financial instrument. Almost any post related to stocks is welcome please read the rules below:Ĭlick here to find how many days old your account needs to be and how much karma you need before you can comment or post to r/Stocks.
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