Bbby google trends12/6/2023 ![]() Schwab knows perfectly well that they are on the hook. So what is the point of this rumor apart from price anchoring?Īs it’s only been one broker that confirmed this buyout at several instances I have a theory of what is going on. After a good night’s sleep and digesting the conflicting messages about the 25$ buyout rumor today I realized that they confirmed what we know already - the squeeze is on as soon as the stock may be traded again. He had already sold by the time the notice was available to the public. It was big news around here, with people denying that he really meant it, then he sold it all just like he announced he would. He’d have caught insider trading charges if he hadn’t announced his sale in advance. > What are you talking about, he absolutely announced his intent to sell. Based on SEC filings, media sources estimated that Cohen and RCV earned a $68 million profit on their BBBY stock and call purchases for a 56% return.įiles notice of >10% ownership after market close on the 15th.įiles notice of selling after markets closed on the 17th. The shares were sold at an average price of approximately $22.88 per share. >On August 18, 2022, after the markets closed, Cohen and RCV filed a new Schedule 13D and Form 4 with the SEC, disclosing the sale of all of their BBBY shares and options on August 16 and 17, 2022, thus reducing their stake in BBBY to zero. >On August 18, 2022, BBBY shares dropped 19.63%, to close at $18.55 per share on volume of over 239 million shares. we have been working expeditiously over the past several weeks with external financial advisors and lenders on strengthening our balance sheet.” >On August 18, 2022, before the markets opened, BBBY filed a Form 8-K with the SEC stating in relevant part, “e were pleased to have reached a constructive agreement with RC Ventures in March and are committed to maximizing value for all shareholders. BBBY shares promptly dropped more than 10% from their peak prior to the disclosure. ![]() >On August 17, 2022, after the markets closed, the media reported that, per a Form 144 filing dated August 16, 2022, Cohen and RCV had filed notice of the proposed sale of all of their shares and call options in BBBY. That day, BBBY stock closed up 29.06%, at $20.65 per share, on volume of over 395 million shares, and on August 17, 2022, BBBY closed up another 11.7%, at $23.08 per share, on volume of over 261 million shares. >On August 16, 2022, before the markets opened, Cohen and RCV filed an amended Schedule 13D with the SEC, disclosing 11.8% ownership of BBBY’s shares. On August 15, 2022, after the markets closed, Cohen and RCV filed a Form 3 with the SEC disclosing beneficial ownership of more than 10% of BBBY’s shares.
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