Should You Sell Bed Bath & Beyond Stock?
Shares of Bed Bath & Beyond (NASDAQ: BBBY) are up more than 20% since news broke that Ryan Cohen took a nearly 10% stake in the home goods retailer.
Cohen co-founded the pet-focused e-commerce site Chewy, which was acquired by PetSmart for over $3 billion in 2017. He currently serves as chairman of GameStop, which has seen its shares soar after he made a large investment in the video game chain in late 2020.
Investors are intrigued by Cohen's plans to turn around Bed Bath & Beyond's struggling retail operations and maximize the value of its assets. Yet analysts question whether its stock has come too far, too fast.
Source Fool.com
