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Ryan Cohen Exits Entire Bed Bath & Beyond Stake, Drives 27% Drop

  • RC Ventures completes exit of position in home-goods retailer
  • Shares drop 27% in after-hours trading after 20% dive Thursday
A Bed Bath & Beyond store in Greendale, Wisconsin.

A Bed Bath & Beyond store in Greendale, Wisconsin.

Photographer: Daniel Acker/Bloomberg
Updated on

Five months after disclosing a stake in Bed Bath & Beyond Inc., activist shareholder Ryan Cohen has tapped out, sparking a selloff in the shares of the home goods retailer.

The Union, New Jersey-based company slumped 27% in late trading, on top of a 20% fall in Thursday’s regular session, after a filing with the US Securities and Exchange Commission confirmed Cohen’s RC Ventures exited its entire position on the company.