Shares of meme stock Bed Bath & Beyond Inc. BBBY, -40.54% slid another 9% in premarket trade Monday, continuing the steep fall driven by the news that investor Ryan Cohen had sold his entire stake in the home goods retailer. The troubled company’s stock had skyrocketed recently, driven by the Wall Street Bets crowd on Reddit. “With BBBY continuing to exhibit extreme moves alongside significant option volumes, we look to remind investors of the somewhat unique volatility implications that can arise in these meme-type setups, where price and implied volatility often move together,” wrote Christopher Jacobson, an analyst at Susquehanna Financial Group, in a note released on Friday. Fellow meme stock GameStop Corp. GME, -3.80% was down 5% premarket, while grill maker Weber Inc. WEBR, -11.50% was down 7%. AMC Entertainment Holdings Inc. AMC, -6.58% was down 33% ahead of the start of trading of preferred equity units, or Apes, later Monday.
