After investor Cohen sells all of his stock, Bed Bath & Beyond's value declines by more than 40%.
With significant trade activity, the stock has increased by more than 300% just in August-mid.
After checking that GameStop's chairman completed a sale of his almost 10 million shares, investors dropped shares.
It caused nearly a 20% loss over the day in trading market.
Cohen's departure strips Bed Bath & Beyond's crucial pillar of support as it deals with urgent problems like significant cash burn.
A 20-year-old has profited by selling a stake in the faltering store Bed Bath & Beyond for about $110 million.
Forbes analysts kept the stock's price objective at $5 per share.
It anticipates a more than 70% decline from the stock's current levels (by today, it is nearly $3).
Bed Bath reported Q1 of having about $108 million in cash, down from $1.1 billion the year before.
Its net losses increased from $51 million to $358 million in 2022.