Squawk on the Street
Bed Bath & Beyond Tumbles after Cohen Files for Stake Sale, and Cisco Surges: An Exclusive With the CEO 8/18/22
This episode isn’t summarized yet
Create a free account and summarize it. In a few minutes you’ll have the key takeaways and a section-by-section summary.
Show notes
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. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com
for information about our collection and use of personal data for
advertising.