Filed under: Major movement. , Good news. , Insiders. , Options. , Technical Analysis. Barnes & Noble ( BKS. - option chain. ) shares have been moving sharply higher for the past few days and are continuing that trend today. Company insider and billionaire investor Ronald Burkle reported purchasing more than 4.4 million shares of BKS in the past week alone, valued at $90.2M. When a major holder makes a big purchase like that, it is often a sign of good things to come for that stock, if only because other investors may follow his lead. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on BKS. BKS opened this morning at $21.00. So far today the stock has hit a low of $20.86 and a high of $21.55. As of 12:30, BKS is trading at $21.43 up 93 cents (4.5%) The chart for BKS looks bearish and S&P. gives BKS a negative 2 STARS (out of 5) sell ranking. Continue reading Insider buying lifts Barnes & Noble (BKS)
Insider buying lifts Barnes & Noble (BKS)
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