Ordinarily, insiders sell when they think a company's stock is headed lower. So far, however, only three executives have exercised and sold year-old options that became theirs to play with on Feb. 25. They are retiring labor chief Wendell Van Lare; human resources chief Roxanne Horning, and Newsquest CEO Paul Davidson.
GCI closed at $15.32 a share on Feb. 25. It closed today at $16.72, amid a broad and powerful rally across Wall Street. That's a 9% gain for Gannett vs. 6% for the S&P-500 index.
[Data: Google Finance]
Tuesday, March 23, 2010
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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Yes, but you are looking at this only in the short term. Remember, GCI once touched $80, and not that long ago.
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