Strong Sales Projected By Barnes & Noble, Inc (NYSE:BKS)

Posted by Nathan Alexander October 7, 2013 0 Comment 1139 views

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.

About Nathan Alexander

Nathan Alexander holds bachelor’s degrees in Journalism and European Studies from Boston University. Nathan reports round up the day’s business and financial market news and include keynote interviews with major business players and updates on Asian, European and US stock markets. He has interviewed heads of leading European banking institutions such as European Central Bank President Jean-Claude Trichet and HSBC Chairman Stephen Green, and CEOs from the business world including Microsoft founder Bill Gates, Virgin Chairman Sir Richard Branson and former Porsche President and CEO Dr Wendelin Wiedeking.

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