Wednesday - March 15, 2023

Today's newsletter will take 3.03 minutes to read.

DRS UPDATE: 60.43%* (estimated percent of GME shares direct registered)

*source: Computershared.net

On tap this morning:

• Tuesday recap 

• GameStop NFT update

• Did you know?

• Marshall Wace LLP Makes New $4.87 Million Investment in Bed Bath & Beyond

Good Morning! This is Mother Squeezer, the newsletter that delivers directly from the horse's mouth and brings you updates and insights along with timely information about our favorite Activist Investor, Ryan Cohen, and our favorite stocks - GME and BBBY.

Yesterday just after market open, Bed Bath & Beyond released an 8K and a news release announcing amendments to the equity offering agreement.

It took some time to digest exactly what this meant, and it's still not completely clear, but it does look to be good news. u/blackmerger1 shared this synopsis:

u/biggysmallzzz had this to say about the prospect of Hudson Bay being involved in the deal:

We'll continue to monitor and bring you the latest in this ongoing development and hopefully be able to shine some new light on this mystery...

Tuesday Recap: BBBY traded between a low of $1.10 and a high of $1.34 before closing at $1.15. Trading volume was 72.77 million shares.

Cost to borrow: There were 600,000 shares available to borrow this morning and as of now, 650,000 remain. The cost to borrow has remained extremely elevated at 103.3%.

Pre market: Bed Bath and Beyond is trading down $0.07 to $1.08 a decrease of 5.96% on over 2.4 million volume.

Max pain: The current max pain for BBBY has remained at $2.00.

Tuesday Recap: GME traded between a low of $16.40 and a high of $17.41 before closing at $16.91. Trading volume was 3.07 million shares.

Cost to borrow: There were 150,000 shares available earlier this morning. Currently there are 20,000 remaining. The cost to borrow has remained around 9.2%.

Pre market: GameStop is trading down $0.48 to $16.47 a decrease of 2.84% on over 25 thousand volume.

Max pain: The current max pain for GME has remained at $20.00.

GameStopNFT tweeted:

Be sure to check out the different creations being shared on that tweet.

Did you know?

Marshall Wace is a leading provider of alternative investment solutions. Operating as a single team across the globe, they are dedicated to creating long-term relationships with their clients built on trust and integrity. They define their culture as one of continuous innovation and a quest for improvement.

Marshall Wace LLP Makes New $4.87 Million Investment in Bed Bath & Beyond

As the price continues to drop, large funds are scooping up shares. Marshall Wace LLP picked up 799,798 shares. This acquisition cost around $4.87 million and nets them around 1% of the company.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Newbridge Financial Services Group Inc. acquired a new stake in Bed Bath & Beyond during the third quarter valued at $30,000. Transcend Capital Advisors LLC acquired a new stake in shares of Bed Bath & Beyond during the 3rd quarter valued at about $62,000. WINTON GROUP Ltd bought a new stake in shares of Bed Bath & Beyond in the 3rd quarter valued at approximately $82,000.

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Bed Bath & Beyond by 54.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,737 shares of the retailer's stock worth $103,000 after buying an additional 7,306 shares during the last quarter.

Finally, Brookstone Capital Management bought a new position in Bed Bath & Beyond during the third quarter valued at approximately $110,000. 64.16% of the stock is currently owned by hedge funds and other institutional investors.

read more:

https://www.marketbeat.com/instant-alerts/nasdaq-bbby-sec-filing-2023-03-14/

Spread the Word

We love Ryan Cohen and think he's the greatest Activist Investor of our generation. We are passionate followers of his moves and words and would love for others to know more about this great leader. We feel strongly that life is all about learning who to follow. If you have someone that needs more RC in their life, share Mother Squeezer with them!

Some of our Favorite Resources

Start Here

BBBY: ThePPShow

GME: Richard Newton

Computershared.net

For errors, omissions or if you have something to share? Let us know!

Financial Disclaimer: None of this is meant to be financial advice. We love Ryan Cohen, RC Ventures, GameStop and Bed Bath and Beyond, and like learning and sharing these insights and commentary.