BBBY Full Story! Are Activist Investors Stealing Your Money?

Shares of Bed, Bath and Beyond (BBBY) surged nearly 500% then crashed in just weeks. Was activist investor Ryan Cohen behind shares of BBBY and how did he make a $60 million profit? I’ll reveal what is happening to BBBY stock and why you can’t always trust activist investors. 🤑 Get The Weekly Bow-Tie - my FREE weekly email newsletter sharing market updates, trends and the most important news! Market Updates for the Smart Investor! https://mystockmarketbasics.com/dailybowtie Weekly stock market update every Monday before the market opens. All the stock market news, strategies and trends you need to start your week. I’ll show you the sector trends, what I’m watching for the week and the stocks that will highlight the week. 📢 Don’t miss this week’s most popular videos! If you buy ONE tech stock, make it this one! https://youtu.be/tVOoZ-uw-3U How many shares to buy to make $1000 a month in these seven stocks https://youtu.be/TUCkv3PoRms I had originally planned on talking about how bank stocks seem to be taking off and proving a point I’ve been trying to make this year…then something else happened. Shares of Bed, Bath & Beyond (BBBY) surged 466% in less than three weeks and crashed 66% in a matter of days. Investors are irate at the turnaround in activist investor Ryan Cohen and want answers! On March 7th, Ryan Cohen announced his hedge fund RC Ventures had built a 9.8% ownership in Bed, Bath and Beyond shares to push for strategic alternatives that could unlock shareholder value. The shares shot up 73% in a matter of days on the idea Cohen, who was also involved with another meme stock GameStop (GME), was going to save investors from management that had destroyed the company. But the fade in meme stock enthusiasm and a couple horrible earnings reports by the company sent the shares tumbling. Cohen’s average purchase price was around $15.35 and he was down millions by June. Then, just as quickly, the BBBY stock starts getting hyped up again on Reddit boards and surges. The price jumped 466% from August 1st to a peak of $30 each on 8/17. But then Cohen files to sell his entire stake and the shares plunged 66% in two days and are likely going to continue to fall. An investigation is already underway and we’ll talk about what activist investors do, how it’s supposed to work and how sometimes it works against investors. 0:00 Activist Investors and Bed Bath and Beyond (BBBY) 1:21 Why did Shares of BBBY Surge and then Crash? 6:48 What are Activist Investors? 8:46 How Do Activist Investors Steal from the Investors they Should be Helping? 12:14 Stocks to Watch this Week 17:22 Stock Sectors to Watch this Week My Investing Recommendations 📈 Check out the stock simulator and Get a FREE share of stock worth up to $1000 when you open a Webull investing account with a $100 deposit! 🤑 https://mystockmarketbasics.com/webull 📊 Download this Portfolio Tracker and Investing Spreadsheet! [Community Discount Code] https://mystockmarketbasics.com/spreadsheetdiscount SUBSCRIBE to create the financial future you deserve with videos on beating debt, making more money and making your money work for you. https://mystockmarketbasics.com/LetsTalkMoney Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.