![]() ![]() The complaint alleged that from March to August of this year, the parties artificially inflated Bed Bath & Beyond shares. Wall Street investors expect meme stock mania to stick aroundĪrnal was also one of several parties, including Bed Bath & Beyond, named in a civil class action securities fraud suit filed Aug.How one university student made $110 million trading a meme stock.Is the student who made $110 million off a meme stock a lucky gambler or conviction investor?.The sales garnered US$1.4 million, according to Bloomberg calculations, and Arnal still had almost 255,400 shares remaining. Such trading plans are typically adopted by executives to sell stock on a regular basis. 16-17 as part of a Rule 10b5-1 trading plan entered into in April 2022. ![]() In a regulatory filing last month, Bed Bath & Beyond said Arnal sold more than 55,000 shares in multiple transactions on Aug. The New York Post first reported Arnal’s death. He was previously with Avon Products Inc., Walgreens Boots Alliance Inc. The plan also envisioned new financing and the sale of as many as 12 million shares.Īrnal joined the retailer in May 2020 as it navigated the coronavirus pandemic. ![]() Photo by Bed Bath & BeyondĪrnal was among the Bed Bath & Beyond executives who provided details on Wednesday of the company’s turnaround plan, which included cutting 20 per cent of jobs across its corporate and supply-chain operations and closing about 150 lower-producing stores. Chief Financial Officer Gustavo Arnal died Friday. This advertisement has not loaded yet, but your article continues below. ![]()
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