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April 19, 2011By Michael Cader

Reversal of Fortune: Barnes & Noble Rises 14% on 3 Mil Shares, Breaks $10 A Share

April 19, 2011By Michael Cader

Barnes & Noble shares took a wild ride in Tuesday trading. At one point (as we wrote yesterday) they were as low as $8.45–the lowest intraday mark since January 1996. But just after 1:00 PM shares took off, briefly breaking the $10 mark and closing at $9.96 a share. Up over 13.5% for the day, almost three million shares traded hands. The company’s stock is extremely sensitive to market movements now, with very high short interest, so the day’s movement could be a short squeeze, or it could represent anticipation of deal news. Yesterday’s BN news actually leaned in the […]

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Filed Under: Bookstores, Finance, Legal

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