Billionaire investor Ryan Cohen cashed out his overall posture in Bed Tub & Beyond this 7 days, capping a wild stretch of investing in the inventory and marking the hottest indication that meme-inventory mania is continue to alive.
Mr. Cohen, the co-founder of pet-source retailer Chewy Inc., produced a deep supporter foundation of individual investors last 12 months right after he ascended to turn into chairman of GameStop Corp., the first meme stock. In March, he disclosed an activist situation in Mattress Bath & Further than, sparking a rally in its share value.