Volume Spike Investor

Borders Group shares rose more than 7% after the book seller’s loss narrowed to better than expectations.  The troubled book-seller also announced that it has trimmed down debt by $272 million.  Shares rose over 1% today but in after-hours trading we are seeing another 7% rise to $5.75 after earnings.  Considering the $3.87 to $16.62 trading range of the last 52-weeks, this is a win.  We have seen more than 54,000 shares trade since the earnings report.

JON OGG

August 26, 2008