[Change in closing share price since Jan. 30 earnings release]
Gannett's stock closed moments ago at $3.70 a share, down 16 cents, and marking the 11th time it's fallen in the 15 trading sessions since Jan. 30. That was the day GCI warned in the fourth-quarter release of a possible dividend cut, sending shares into a tailspin. Overall today, stock markets finished battered: The Dow Jones industrial average slumped 1.3%. The broader S&P 500 index fell 1.1%Other key Gannett stock metrics:
- Dividend yield: 43.2%
- Market capitalization: $844 million
- 52-week high: $32.77
- 52-week low (set today): $3.62
this is certainly not good but what exactly is "Urgent" about it?
ReplyDeleteNews slang denotes the importance of news moved across wires: "breaking," "urgent" and the once-rare: "bulletin."
ReplyDeleteIn a year of full-time blogging, I've moved only two posts that I labeled bulletins: Gannett's announcing a 10% payroll cut; and, recently, the company's market capitalization sinking below $1 billion.
Oh my, Gannett stock is now less than toilet paper.
ReplyDeletethanks sue. thanks gary. guess the Reno express ran outta gas....but what do you care? you ran off the talent and look what you left us to run the company after you went home to count your loot.....
ReplyDelete