Friday, March 06, 2009

Ending wild day and week, Gannett closes up 4%

[GCI recovered from 1:30 p.m. ET dive; bigger view]

Gannett's stock closed at $2.20 a share today, after trading as low as $1.91 during much of the afternoon. The Dow Jones industrials and the S&P 500 index closed fractionally higher.

For the week, however, GCI shares tumbled a whopping 32% from last Friday's $3.24 close. Meanwhile, Gannett's market value now stands at $503 million vs. $739 million only a week ago.

[Image: Google Finance]
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1 comment:

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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