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Bed Bath & Beyond Tumbles after Cohen Files for Stake Sale, and Cisco Surges: An Exclusive With the CEO 8/18/22

Bed Bath & Beyond Tumbles after Cohen Files for Stake Sale, and Cisco Surges: An Exclusive With the CEO 8/18/22

FromSquawk on the Street


Bed Bath & Beyond Tumbles after Cohen Files for Stake Sale, and Cisco Surges: An Exclusive With the CEO 8/18/22

FromSquawk on the Street

ratings:
Length:
45 minutes
Released:
Aug 18, 2022
Format:
Podcast episode

Description

Jim Cramer and David Faber explored the "meme stock madness" involving Bed Bath & Beyond: The stock tumbled in reaction to GameStop CEO Ryan Cohen filing to sell his entire stake in the company. BBBY had month-to-date gains of about 360% at Wednesday's close of trading.
How should the SEC view it all? Cisco Chairman & CEO Chuck Robbins joined Jim and David on set for an exclusive interview.
The company's quarterly results, outlook and supply chain comments sent the stock up sharply. Also in focus: Kohl's shares take a hit on another busy day of retail earnings, Verizon gets slapped with an "underperform" rating by MoffettNathanson, and fresh perspectives on Apple shares rebounding by more than 30% over the last two months.
Released:
Aug 18, 2022
Format:
Podcast episode

Titles in the series (100)

The opening hour of CNBC’s “Squawk on the Street” with Carl Quintanilla, Jim Cramer and David Faber is broadcast from the floor of the New York Stock Exchange, on site at the opening bell with the up-to-the-minute news investors need to know and interviews with the most influential Chief Executive Officers and greatest market minds.