OK, You may call me insensitive, but I love a catchy title. And by the way: "he sold $1M worth of stock right before a major negative announcement."
he didn't know how to read charts. over the past 1 year, there were about 6 peaks. so when the price went up very high, short it! there were actually many opportunities for him to earn a ton of money. when is the 7th peak coming ???? when is the 8th peak coming ????
Who cares. I hate the way society completely obsesses about celebrities and so-called important and bigger people. Every little detail of their lives. 99.74% of news headlines on websites are completely meaningless for someone's life. Complete noise, nonsense, bs, hype and poison. All the little people are like rats and mice....staring at the big cheese on the mountain top constantly on their minds and life.
This is not obsessing about a celebrity, this is news about a CFO's suicide/death that will likely affect this company's stock prices. Why shouldn't stock traders be interested?
No one gives a stuff about a CFO jumping to his death from a building. Much less a dumpster stock like Bed Bath and Beyond. It's not like we're talking about the CEO of Goldman Sachs, Apple or Bank of America or Tesla....committing a murder-suicide incident. And even then, that won't move the stock price dramatically, and permanently. Look at when Steve Jobs died....did that day or week have Apple's stock TANK? It was pretty much business as usual, nothing to see here, move on,
I indeed believe this will impact the stock price. If you short it from $8 and ride it to $4 then good for you.
That still doesn't make this celebrity news. BBBY might be a meme/dumpster stock but it has been volatile the past few weeks and paid generous profits for day traders. Perhaps you have become particular about which stocks you trade, but stocks like BBBY work great for my portfolio. Bed, Bath and Beyond's closures, layoffs, and the CFO's suicide will affect its stock prices, so that will probably be that, but it was great while it lasted. It is important for day traders to be flexible. Happy trading everybody!