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Barnes & Noble Inc. (BKS) Is Down After Liberty Media Cuts Stake

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Barnes & Noble Inc. (BKS: Quote) 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 this morning and is now down 2.11 at $20.00 on above average volume. The stock is now testing the lower end of a 1-month range.

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by RTT Staff Writer

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