Why Barnes & Noble Education Stock Was a Raging Success This Week
When the company behind a low-priced stock announces positive move, it can often disproportionately shoot that stock well higher. This has been occurring with specialty bookseller Barnes & Noble Education (NYSE: BNED) of late.
After the company published some encouraging data about one of its programs, its share price was rocketing more than 63% higher week to date as of early Friday, according to data compiled by S&P Global Market Intelligence.
Barnes & Noble Education, which as its name suggests is an academic bookseller once part of chain retailer Barnes & Noble, unveiled that data on Thursday. The company said, no doubt enthusiastically, that a survey of college students found that the vast majority (83%) of respondents found the company's First Day Complete program had a positive effect on their work in the classroom.
Source Fool.com
