Investor Ryan Cohen sells all shares in Bed Bath & Beyond

Denver Ryan Cohen was considered the hero of Reddit traders. The activist investor has, over the past two years, made himself popular with young investors who discuss their trades on social media such as online forum Reddit. Only in the past few weeks has he been the center of attention again.

Through his investment company RC Ventures, he had acquired so-called call options on 1.67 million shares in Bed Bath & Beyond, as was recently announced. His company already held around twelve percent of the shares in the retailer. The options gave him the right to buy the shares at a predetermined price until January 2023. With the call options he bet on a rising share price.

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