Books-A-Million, Borders fall to 52-week lows

Book retailer Books-A-Million Inc. (Nasdaq:BAMM) is off 8% today after falling to a 52-week low on above-average trading volume. The Birmingham, Ala.-based retailer fell to $5.27 early in the trading day, but it has rebounded some to trade at $5.65 at 3:11 p.m. ET, down $0.51 from Thursday’s close. Competitor book retailer Borders Group Inc. (NYSE:BGP) also fell to a low for the year after shedding 10% to $4.10 at 3:11 p.m. ET in today’s trading. Both companies are down more than 50% since January as the economy remains weak and consumer spending has dropped.

For detailed price information and recent news stories about Books-A-Million Inc., click BAMM. For information on Borders Group Inc., click BGP.

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