Tuesday, January 08, 2008

Gannett stock plunges near 12-year low

The company's shares closed today at $33.84, down 4.2% -- a bigger percentage decline than the S&P-500 and other major indexes. Today's was the lowest closing price since Feb. 27, 1996, when shares closed at $33.81, Google Finance says.

Year to date, GCI shares are already down more than 13%, Google Finance says -- more than twice the 5.3% decline in the S&P-500. And we're talking a year that's just a week old, folks!

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