Shares of Gannett and the New York Times Co. traded at new 52-weeks highs in early trading today after upgrades by Wells Fargo Securities. In recent moves:
- GCI rose nearly 7%, to $15.39, after running as high as $15.49 a share -- a new 52-week high.
- NYT jumped nearly 12%, to $11.64, after touching $11.99 earlier this morning, also a new 52-week high.
"Wells Fargo Securities analyst
John Janedis lifted his rating on the sector," MarketWatch
says in a new story, "citing a faster improvement in advertising sales than expected. Janedis also upgraded Gannett Co. to outperform from underperform and New York Times Co. to market perform from underperform."
Reuters
has moved a story on the rally, too.
Please post your replies in the comments section, below. To e-mail confidentially, write jimhopkins[at]gmail[dot-com]; see Tipsters Anonymous Policy in the green rail, upper right.
No comments:
Post a 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."
Note: Only a member of this blog may post a comment.