Bed Bath & Beyond stock drops more than 15% after Ryan Cohen plans to unload huge stake

Bed Bath & Beyond Inc. shares fell more than 15% in the extended session Wednesday after GameStop Corp. Chairman Ryan Cohen disclosed he’s planning to sell his big stake in the company just months after he bought it.

Bed Bath & Beyond
BBBY,
+11.77%
shares were last down 17% after hours, following an 11.8% rally in the regular session to close at $23.08.