Home » Markets » Bed, Bath & Beyond plunges, jobless claims and more: Thursday's 5 things to know
Bed, Bath & Beyond plunges, jobless claims and more: Thursday's 5 things to know
Inflation has peaked, stock market bottom is in: Brent Schutte
Northwestern Mutual Wealth Management CIO discusses the shift in consumer spending and if the recession will deepen on ‘The Claman Countdown.’
Here are the key events taking place on Thursday that could impact trading.
BED, BATH & BEYOND: Shareholders of the retailer have been on a rollercoaster ride the past couple of days. Shares are 12% lower in premarket trading following an earlier 45% surge. At the root of the wild swings is investor and GameStop Chairman Ryan Cohen who filed for a proposed sale of his stake in the struggling home goods retailer.
Cohen's venture capital firm RC Ventures, the second-largest investor, said it intends to sell 9.45 million shares, including options.
His venture capital firm on Tuesday bought call options expiring in January 2023 on 1.67 million shares with a strike price ranging from $60 to $80.
BED BATH & BEYOND SLIDES AFTER RYAN COHEN FILES FOR STAKE SALE