Monday, April 30, 2012

Stock Alert - Barnes & Noble Inc. (BKS) surged 70 percent to $23.20 for the biggest increase- 4/30/12

Amazon (AMZN +1.8%) is adding to Friday's post-earnings gains in spite of Microsoft and Barnes & Noble's (BKS +70.3%) tie-up. Microsoft's cash will allow B&N to take the Nook global, the company asserts, and hopes are up it will also let B&N match the aggressive e-book pricing Amazon is expected to show following the DOJ's settlement. David Carnoy thinks the largest benefit will be greater consumer confidence in B&N's longevity

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