Shares of Barnes & Noble’s stock are increasingly being accumulated by a small number of holders, as Fidelity disclosed on Tuesday that their Fidelity OTC Portfolio unit had acquired over 6 million shares in the bookseller, or just under 10 percent of shares outstanding, as of December 31. Following the morning’s news of a 5 percent investment by Dimensional Fund Advisors, the company’s stock rose steadily during the trading day on heavy volume. After starting the day in the red, shares closed up over 9 percent, rising to $14.49. Ironically that brought the stock back up to almost exactly where […]
