Following Barnes & Noble’s fourth quarter loss and prediction of more losses in the year ahead driven by their investments in technology, investors unloaded on the company’s stock in morning trading. On very heavy volume, the booksellers’ shares were down as much as 17 percent in the first hour of trading, touching levels not reached since the depths of the 2008 market collapse, before rebounding noticeably, down about 10.5 percent as we post. (The market is down broadly, with the S&P 500 off about 2.5 percent, and Amazon is down almost 5 percent this morning.) Having likely anticipated the market’s […]
