Sentiment forecasted November 16th to November 29th 2017 positive price trend, as well as January 4th to January 5th 2018 price drop in Barnes & Noble, Inc.
Using only Barnes & Noble, Inc. tweets.
Nov 16 – Sandell Asset Management had proposed to take BKS private with the help of current shareholders and $500 million in debt financing in a deal that valued the company at more than $650 million. BKS later said that the deal proposed by an activist investor (Sandell) to take the bookstore chain private was not “bona fide.”
Jan 4 – BKS reported holiday sales for the nine-week holiday period ending Dec 30. Total sales for the holiday period were $953 million, declining 6.4% as compared to the prior year. Comparable store sales also declined 6.4% for the holiday period, while online sales declined 4.5%.