The company's stock closed moments ago at $2.75 a share, up 7.8%, after trading as high as $2.86 earlier in the day. Overall, stocks were lower: Both the Dow Jones industrial average, and the S&P-500 index were down less than 1%, Google Finance says.
Monday, April 06, 2009
Bucking markets overall, Gannett closes 8% higher
The company's stock closed moments ago at $2.75 a share, up 7.8%, after trading as high as $2.86 earlier in the day. Overall, stocks were lower: Both the Dow Jones industrial average, and the S&P-500 index were down less than 1%, Google Finance says.
5 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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This post was delayed while Sparky and I were in downtown Palm Springs, getting my first aircard.
ReplyDeleteIs that what they call it these days? hee hee
ReplyDeleteSo Jim..are you going to find a negative spin for this too?
ReplyDeletewhoop-de-flippin'-doo!!!
ReplyDeleteguess i'll rush out to make a fortune selling my 150 shares, most bought for a whole lot more than that, but a few acquired by dividend reinvestment plan. now i know why they call that DRIP -- cuz it's like chinese water torture.
verification word: prethud
definition: the imagined sound of your heart falling into your shoes when you imagine being laid off . . . too often followed by the real thud when you actually DO get laid off.
So why, when the market as a whole is down, should Gannett buck the trend even the slightest amount? New York Time Co.'s up, too. Could it be media stocks gained some ground on the AP's decision to slash rates and sue those who make unauthorized on line use of its articles -- thus protecting those who pay?
ReplyDelete