Barnes & Noble Keeps Rallying, Up 10% (BKS)

Barnes & Noble, Inc.

shares have had one heckuva run this week, gaining almost 30%, as news came out that the company would be releasing another version of its e-reader, the Nook. The company let the cat out of the bag in a call with analysts earlier in the week. As a result of the new Nook, the company was initiated with a buy rating at Janney Capital Markets today. The company will benefit significantly from the bankruptcy of Borders, which in addition to filing Chapter 11, will shut a significant amount of stores. At last check, $1.32 to $14.03, a gain of 10.4% on 2.6 million shares. Barnes & Noble, Inc., together with its subsidiaries, operates as a bookseller in the United States. The company provides access to books, magazines, newspapers, and other content across its multi-channel distribution platform.