Barnes & Noble Sinks after Liberty Media Sells Off Big Stake; Adobe Systems Insiders also Sell off Shares


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NYSE:BKS / NASDAQ:ADBE / OTC:BB:TFER / NASDAQ:BGMD
04/04/2014 [ACCESSWIRE]

Barnes & Noble, Inc. (NYSE: BKS) – For an in-depth report on Barnes & Noble, Inc. follow: www.BullTrends.com/stockquote/BKS

Barnes & Noble closed down 13.52% on about 10.2 million shares traded on Thursday. The stock was one of the biggest decliners on the NYSE. The big drop came after Liberty Media said it sold nearly its entire stake in the ailing bookseller. Liberty Media has entered into an agreement to unload 90% of its holdings in a deal expected to close by April 8.

Adobe Systems Inc. (NASDAQ: ADBE) - For an in-depth report on Adobe Systems Inc. follow: www.BullTrends.com/stockquote/ADBE

Shares of ADBE closed down 4.63% on nearly 7 million shares traded. The stock was one of the biggest decliners on the NASDAQ. The drop came after reports revealed that insiders sold their shares of the stock. Four Adobe insiders: Co-chairman Charles Geschke, CEO Shantanu Narayen, CFO Mark Garrett, and general manager David Wadhwani all sold shares this week.

Titan Iron Ore Corp. (OTCBB: TFER) - For an in-depth report on Titan Iron Ore Corp. follow: www.BullTrends.com/stockquote/TFER

Shares of Titan Ore Corp. closed down 41.43% on about 347 million shares traded on Thursday. It was one of the biggest decliners in the OTCBB marketplace. Earlier in the week iHookup Social, Inc., the operating subsidiary of Titan Iron Ore Corp. entered into an agreement with Sprylogics International Corp., a technology provider of local mobile search and messaging solutions.

BG Medicine, Inc. (NASDAQ: BGMD) – For an in-depth report on BG Medicine, Inc. follow: http://www.bulltrends.com/stockquote/MELY

Shares of BGMD closed down 17.71% on Thursday on about 6.6 million shares traded. The stock was one of the biggest decliners on the NASDAQ. The company said it would offer 6.452 million shares of its common stock to the public for $1.55 a share. The underwriter will also be granted a 30-day option to purchase up to an additional 967,800 shares to cover any over-allotments.

 

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