GameStop falls on report SEC probing co's chairman Ryan Cohen

Bed Bath & Beyond

08/09/2023 10:52

** Shares of GameStop  GME.N  fall 2.9% to $18.35 premarket
    ** The U.S. Securities and Exchange Commission is
investigating billionaire Ryan Cohen, chairman at GameStop, for
his ownership and surprise sale of Bed Bath & Beyond shares, 
per Wall Street Journal report
    ** The SEC has requested information from Cohen about his
trades and his communications with officers or directors at the
home goods retailer, the report said
    ** The regulator has also sought records from some of the
company's current and former board members
    ** Overstock.com  OSTK.O  rebranded as Bed Bath & Beyond
after acquiring the company's intellectual property assets in
bankruptcy
    ** GME shares up 2.3% YTD

 (Reporting by Medha Singh)
 ((medha.singh@thomsonreuters.com))