Wednesday, September 17, 2008

Market meltdown: Gannett stock falls nearly 4%

Updated at 6:19 p.m. ET. Shares traded as low as $15.62 before closing higher, as the broader stock market plunged again on worries the U.S. financial system is coming off the rails. GCI ended the day at $15.96, down 59 cents, or 3.6% -- a far better performance than the widely-watched S&P-500 Index, which fell 4.7%.

2 comments:

  1. What is GCI's market cap right now?

    I'm not a financial guy.

    ReplyDelete
  2. Gannett's market cap at today's closing price of $15.96 per share is $3.78 Billion.

    ReplyDelete

Jim says: "Proceed with caution; this is a free-for-all comment zone. I try to correct or clarify incorrect information. But I can't catch everything. Please keep your posts focused on Gannett and media-related subjects. Note that I occasionally review comments in advance, to reject inappropriate ones. And I ignore hostile posters, and recommend you do, too."

Note: Only a member of this blog may post a comment.