Barnes & Noble Trading Down More Than 2%
Barnes & Noble (NYSE: BKS) shares are down for the second straight session on Wednesday. At last check, the stock was down 2.41% to $19.02. Yesterday, BKS fell more than 6%.
On Monday, the company announced that Microsoft had invested $300 million in a new unit of Barnes & Noble. This sent the stock skyrocketing in the pre-market, and at one point, BKS shares were up more than 100%.
The stock opened the regular session on Monday at $26.00 and has been falling ever since. Nevertheless, BKS is still up more than 67% over the last 5 trading days as a result of the huge gap on Monday.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.