Investor David Abrams and Abrams Capital Management took advantage of the opportunity to pare back on their money-losing investments in Barnes & Noble companies. With the rebound in shares of Barnes & Noble Education starting on December 5 as the retailer reported some improvement in profits, Abrams has been a steady seller. According to recent filings, Abrams sold good-sized chunks of BNED shares on December 5, 6, 7, 11, 12 and 13, unloading approximately 1.76 million shares in all. Even with the recent increases, BNED’s stock price is still down about 25 percent for the year, and likely all of […]
