Following investor Ron Burkle’s spinoff of Barnes & Noble shares from his various investment funds to individual investors, another block holder in the bookseller announced a reduction in their holdings. Mutual fund company Fidelity said in an SEC filing that as of May 31 their 10 percent stake in BN was reduced to a 1.956 percent share (comprising 1.177 million shares of stock). The larger holding had been revealed in February, and was acquired as of December 31, 2011. BN’s stock has been under continuing downward pressure, probably because of these large sellers over the past few weeks. Shares closed […]
