Stock Price: Barnes & Noble and Papa John’s Drop Today Despite Positive Company Momentum

Stock Price

Barnes & Noble, Inc. (NYSE:BKS) and Papa John’s International, Inc. (NASDAQ:PZZA) are currently both in talks of selling their companies. Today, let’s take a closer look at the details of these potential sales and an in-depth look at both companies’ stock price.

Stock Price: Barnes & Noble

Barnes & Noble, Inc. was founded back in 1986 and is based out of New York City. The company operates as a bookseller in the US, in both retail sales as well as electronic sales with its Nook products.

On October 3rd, the company announced that it was evaluating a strategic alternative for the company, as it recently received multiple expressions of interest to acquire the company. The company’s founder, Leonard Riggio, is currently the Chairman and is among those interested in its purchase.

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After the announcement, Barnes & Noble’s stock price shot up nearly 20%. According to Yahoo Finance, BKS share prices are currently trading at $6.99, down -$0.28 (-3.85%). For the month, BKS share prices are up 36.39%, and in six months, the stock is up 31.88%.

>> Barnes & Noble Announces Potential Sale

Stock Price: Papa John’s International, Inc.

Papa John’s International has not had a good 2018. In early July, Papa John’s ran into some trouble with its founder and former Chairman, John Schnatter. Schnatter made a racial slur and in a conversation with the company’s former media agency, just months after taking a public controversial stance on the NFL’s national anthem debate. 

After the NFL statement, Schnatter was forced to step down from his CEO position. The company has been scrambling to recover from the scrutiny it’s faced and adopted a ‘poison pill’ to make sure Schnatter couldn’t gain majority control of the company. 

Last week, a Wall Street Journal reporter published an article that Trian Fund Management is evaluating a takeover bid of the pizza chain. After the article was published, Papa John’s stock price shot up nearly 10%.

According to Yahoo Finance, PZZA shares are currently trading at $52.80, down -$1.21 (-2.24%). For the month, the company’s stock price is up 12.5% and in six months, Papa John’s shares are down -15.05%.

Featured Image: Depositphotos/© Tzido