'The flag bearer for the rise up and kind of left,' one analyst said of the meme stock. 'He deflated the balloon.'
Bed Bath & Beyond didn't respond to a request for comment Friday.
But Friday, Bed Bath and Beyond's stock price fell nearly 41% to close at $11.03 on the day after being as high as $28 earlier this week. Most of that decline came after investors noticed that Cohen sold his shares, said Ihor Dusaniwsky, managing director of predictive analytics at S3 Partners.
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