Strong Sales Projected By Barnes & Noble, Inc (NYSE:BKS)
Barnes & Noble, Inc (NYSE:BKS) has announced a list of popular books that everyone must have in the Holiday and Fall season. The company’s booksellers across the country are saying that this is absolutely the most-exciting Fall season they have seen in years. Several new books have hit the market and extensively-read authors like Bill O’Reilly, John Grisham, Doris Kearns, Any Tan and Mitch Albom among others have all released some book or the other, making the season full of best-selling authors.
Strong sales projected
Stores like Barnes & Noble, Inc (NYSE:BKS) have already seen a steady flow of customers coming in to pre-order their favorite author’s books either in online versions or in print. The Chief Merchandising Officer for Barnes & Noble, Inc (NYSE:BKS), Jamie Carey said that this is the best and the strongest line-up of kids, teens and adults books in years and the season promises to be a healthy and interesting one. The company is already seeking a very good demand for all the new releases, online as well as at the stores.
Friday’s trading session
In Friday’s trading, Barnes & Noble, Inc (NYSE:BKS) rose by 10.17%. The opening price of the shares was $13.10, which climbed to an intraday high of $14.46 and dipped to a close of $14.41. Approximately 2.70 million shares were traded on Friday while an average volume of 1.46 million shares were traded over a 30 day period. The 52-week low of Barnes & Noble, Inc (NYSE:BKS) shares is $12.59 and its 52-week high is $23.71. The company has a market capitalization of $862.41 million.
About the company
Barnes & Noble, Inc (NYSE:BKS) is a bookseller. It is a commerce, content, and a technology company that provides its customers access to magazines, books, newspapers as well as other content across the company’ multi-channel distribution platform.