Barnes & Noble Education shares rally on insider buying
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Contributor since / Followers
Contributor since / Followers
6 months ago
RiverNorthPhotography
- Shares of Barnes & Noble Education (NYSE:BNED) are significantly higher Thursday, fueled by the disclosure of insider stock purchases.
- According to recent filings with the U.S. Securities and Exchange Commission, Directors Eric Singer and William Martin each purchased 87K and 130K, respectively, of the company’s stock for a total transaction value of $1.53M.
- The transactions occurred over a three-day period on July 8, 9, and 10, increasing Singer’s total direct ownership to 94,441 shares, and Martin’s to 125,441.
- Although shares were launched 23% higher, the stock continues to circle the drain near its all-time low of $6.05 per share.