Meme stock Bed Bath & Beyond tumbles as billionaire Cohen to dump stake
Brokerage Wedbush downgraded the company to “underperform” and reaffirmed its price target of $5, saying the stock looks “disconnected from fundamentals” at current valuation.”News that Ryan Cohen may be selling his stake in BBBY appears to have spooked the meme stock faithful,” said David Jones, strategist at Capital.com.
