Barnes & Noble Inc. (BKS) announced Monday morning that its Board of Directors has received notice from Leonard Riggio, Chairman of the Board, that he plans to propose to purchase all assets of the company's retail business.
Barnes & Noble gapped up Monday and climbed higher around midday. The stock ended the day with a gain of 1.55 at $15.06, with volume at a 10-month high. Barnes & Noble rose to its highest level since early January and re-crossed both its 50 and 200-day moving averages.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.