The sale of his stake in Bed Bath Beyond Inc. earned a 56% gain on an investment he held for roughly seven months, and Ryan Cohen pocketed $68.1 million profit from the sale of his stake in Bed Bath Beyond Inc.
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Cohen's RC Ventures paid $121.2 million between January and March to acquire 7.78 million shares and options to purchase another 1.67 million shares, a regulatory filing shows. The filing on Thursday was done after the US market close, and he unloaded all of them this week for a total of $189.3 million.
The stock price was more than quadrupling from a recent low in July, with a surge in the struggling retailer's shares this week.
After Cohen exit, Bed Bath Beyond shares fell as much as 27% in late trading.
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