Barnes & Noble Inc. (BKS) announced Thursday morning that Liberty Media has sold the majority of its shares in the company to qualified institutional buyers. Liberty Media will retain approximately 10 percent of its initial investment.
Barnes & Noble gapped open sharply lower Thursday and declined throughout the first 2 hours of trade, before settling into a range. Shares finished with a loss of 2.99 at $19.12 on strong volume. The stock sank to a 1-month low.
For comments and feedback contact: editorial@rttnews.com
Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.