Barnes & Noble Education (NYSE: BNED ) stock is continuing to rally on Wednesday as the college bookstore chain is experiencing volatility this week. With this volatility comes heavy trading of the company's shares.
It appears members of the infamous r/WallStreetBets subreddit on Reddit are targeting Barnes and Noble ( BNED ) stock. Indeed, the downtrodden book retailer closed up by more than 70% on Tuesday, hinting at a potential short squeeze in the making.
Barnes & Noble Education (NYSE: BNED ) stock is down on Monday as the college and university campuses bookstore company's shares come off of a spectacular rally on Friday. Shares of BNED stock underwent a 126.3% rally on Friday that came alongside heavy trading of its shares.
| Specialty Retail Industry | Consumer Discretionary Sector | Jonathan Shar CEO | XBER Exchange | US06777U2006 ISIN |
| US Country | 2,520 Employees | - Last Dividend | 12 Jun 2024 Last Split | 3 Aug 2015 IPO Date |
Barnes & Noble Education, Inc., established in 1965 and based in Basking Ridge, New Jersey, specializes in operating bookstores on college and university campuses across the United States, also catering to K-12 institutions. The company operates through two main segments: Retail and Wholesale. Its diverse service offerings include the sale and rental of new and used print and digital textbooks, along with digital courseware. By managing both physical and virtual bookstores, as well as operating Textbooks.com, Barnes & Noble Education has positioned itself as a comprehensive source for students' educational material needs. Additionally, the company extends its services to include First Day and First Day Complete access programs, alongside a variety of general merchandise tailored for the academic community.