Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Barry Rosenstein Sold 1 Million Shares of $BKS

Barry Rosenstein has been very lucky this year. Right after he initiated a huge position in Barnes & Noble (BKS), Microsoft granted a $300 million lifeline to failing book seller. As soon as the news was announced on Monday, BKS shares shot up. The stock reached an intraday high of $26 on Monday and closed at $20.75. Guess what else happened on Monday. Barry Rosenstein sold 1 million shares at an average price of $24.42. He should have sold more. Jana Partners still owns nearly 6 million shares in BKS.

Barry Rosenstein JANA PARTNERS

Since then, the shares have been declining. Right now, BKS shares are trading at $18 per share. Barnes & Noble’s Corporate Controller Allen Lindstrom wasn’t as quick as Barry Rosenstein. He sold nearly 11000 shares the next day at an average price of $19.8.

Biotech Insider Alert - $5 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...
X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!