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Benzinga
Benzinga
Business
Adam Eckert

Bed Bath & Beyond Stock Pops Ahead Of Strategic Update: What Investors Need To Know

Ryan Cohen Bed, Bath & Beyond BBBY Nasdaq

Bed Bath & Beyond Inc (NASDAQ:BBBY) shares are up more than 8% in Monday's premarket trading session. The company is set to provide a strategic update this week after GameStop Corp (NYSE:GME) chair Ryan Cohen sold his stake in the struggling retailer earlier this month.

What Happened: Bed Bath & Beyond shares plunged in mid-August after Cohen cut his entire position in the home furnishings retailer less than 6 months after acquiring close to a 10% stake in the company. 

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