Shares closed at $7.59 today, down $1.02, or 11.9%, amid news the company may dramatically scale back its money-losing Detroit operations. Meanwhile, the widely watched S&P-500 index fell 2.9%.[Image: Google Finance]
Thursday, December 11, 2008
Gannett stock plunges 12%; S&P-500 down 3%
Shares closed at $7.59 today, down $1.02, or 11.9%, amid news the company may dramatically scale back its money-losing Detroit operations. Meanwhile, the widely watched S&P-500 index fell 2.9%.[Image: Google Finance]
3 comments:
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."
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And your point is....
ReplyDeleteThis is great. Lay off thousands of employees to cater to stockholders, and this is how they repay you.
ReplyDeleteI had a girlfriend like that once.
Once.
it's newsworthy. Big Three auto loan bailout breakout last night won't help the price either.
ReplyDelete