On April 18, shortly before the official naming of Demos Parneros as ceo of Barnes & Noble, the company’s second largest investor David Abrams significantly reduced his holdings. Abrams and related companies sold 4.5 million shares of Barnes & Noble’s stock at $8.575 a share (and the movement of that big block is why the bookseller’s shares fell between April 18 and April 19. The leaves Abrams with approximately 5.9 million shares, or a little over 8 percent of shares outstanding, down from a holding of 14.33 percent. The last time Abrams bought BN stock, in February 2016, it was cheaper […]
