Wall Street Rewards BAM, Punishes Amazon

Because Books-A-Million has filed its delayed 10-Q report with the Securities and Exchange Commission, Nasdaq has stopped the process of delisting the company's stock. As of today, Books-A-Million will again use its usual trading symbol, BAMM, on Nasdaq. It had been using BAMME, an indication of its potential delisting.

Yesterday, on a down day on Wall Street, Books-A-Million closed at $9.34, up 3.9%.

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Also yesterday, the day after Amazon.com reported a drop in earnings and made cautious predictions for the holiday season, the company's stock closed at $39.75, down 13.9% on extraordinarily high trading of more than 30 million shares, five times the usual volume.
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