Market Overview

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.

Posted-In: News M&A Intraday Update Movers

 

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