8/17, 11:55 PM (Source: TeleTrader)
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Bed Bath & Beyond stock plunges 20% aftermarket

Bed Bath & Beyond Inc. plummeted as much as 20% after market close following the news that investor Ryan Cohen wants to sell his stake in the company. Cohen's RC Ventures LLC indicated in a filing with the United States Securities and Exchange Commission (SEC) that it will sell all of its 9,450,100 shares or an 11.8% stake. The company recently found itself the target of another meme stock trend, jumping over 60% on Monday.

Bed Bath & Beyond was down 16.33% at 17:52 pm ET.

Baha Breaking News (BBN) / DJ