Barnes & Noble received another vote of no confidence from long-term investors David Abrams at Abrams Capital. After holding approximately 5.9 million shares of the bookseller’s stock, the investor revealed in an SEC filing that as of February 14, that entire stake has been sold. As we have noted, Barnes & Noble’s stock has declined significantly since the poor holiday sales report in January, down over 31 percent so far in 2018 and trading near all-time lows. The last time Abrams sold BN stock in April 2017, he sold 4.5 million shares at $8.575 a share. Now the stock is […]
