WASHINGTON (dpa-AFX) - Shares of Barnes & Noble (BKS) have moved sharply lower during trading on Wednesday, with the retail bookseller currently down by 12.8 percent. With the drop, Barnes & Noble has fallen to its lowest levels in over a month.
The steep drop by Barnes & Noble comes after the company announced the departure of its Chief Executive Officer Ronald D. Boire.
Barnes & Noble said its Board of Directors determined that Boire was not a good fit for the organization and that it was in the best interests of all parties for him to leave the company.
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