Updated at 9:06 a.m. ET: Stocks appear ready to start trading sharply lower today, "as a raft of disappointing earnings reports and corporate outlooks slammed futures and reignited concern over the long-term impact the credit crunch will have on consumers," The Wall Street Journal (paid subscription usually required) is now reporting. Trading starts at 9:30 a.m. ET.Earlier: After trading as low as $14.92 last Wednesday amid the dismal second-quarter earnings report, GCI's shares closed at $17.53 yesterday -- up nearly 4% on stronger-than-average volume. That boosted the company's market value above $4 billion again.
Gannett stock closed up today for a second day in a row, despite dire predictions for a sharp decline.
ReplyDeleteAt the final bell, it was up 24 cents to $17.77 per share.
Indeed it did finish up for the second day in a row, $34.83 BELOW its trading price 52 weeks ago.
ReplyDeleteWhich is nothing to be proud of ...