After-hours movers: Bed Bath & Beyond, Cisco, Bath & Body Works

Stocks closed lower on Wednesday with the Dow Jones Industrials Average (DJI) falling for the first time in six trading days, declining 171.69 points to close at 33,980.32.

Bed Bath & Beyond (BBBY): GameStop Chairman Ryan Cohen is selling his entire stake in the company, according to a regulatory filing. Cohen’s RC Ventures holds an 11.8% stake in the company and plans to sell the holding within the next 90 days. The move to sell follows RC Ventures filing earlier this week which revealed the company held 9.45 million shares of Bed Bath & Beyond, including call options on 1.67 million shares. So far this month, Bed Bath & Beyond has soared more than 300%.

Cisco (CSCO): Cisco beat on the top and bottom lines in the fourth quarter and posted better-than-expected guidance, pushing shares higher in after hours trading. The company reported revenue of $13.1 billion for the fourth quarter on earnings of 83 cents. Cisco CEO Chuck Robbins noted in the earnings release that “Full year…

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This article was written by and originally published on finance.yahoo.com