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: editorial@rttnews.com