Barnes & Noble stock rose today, prompting financial journalists around the Internet to speculate about the bookseller’s future.
Last night the company’s board of directors announced they are considering selling the company–along with other “strategic alternatives” that might “increase stockholder value.” eBookNewser has more speculation about who might buy the bookseller. Here are some responses from around the financial press this afternoon. At this 4 p.m. EST, the stock had risen 18 percent.
The financial newswire Beacon Equity called Barnes & Noble one of “Top 9 Stocks to Watch for August 4,” writing: “Barnes & Noble Inc. (NYSE: BKS) is up 22.68% to $15.75 on heavy volume of 3.79 million shares.”
NASDAQ wrote: “Barnes & Noble (BKS) jumped 22.9% after putting itself up for sale Tuesday, succumbing to mounting pressure from shareholder activists concerned about how digital books are eroding the traditional business of the nation’s largest bookstore chain.”
Live Trading News wrote: “Barnes & Noble Inc (BKS) shares soared 21 percent on Wednesday.”