Thursday, April 08, 2010

Stock | Gannett trades at another 52-week high

GCI's stock traded as high as $17.85 a share today before dipping to a more recent $17.77, up 1.4% from yesterday. Today's new 52-week high was far above the period's low of $2.60, Google Finance says.
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3 comments:

  1. Anonymous4/08/2010 4:49 PM

    Should be five more "up" trading days to go for GCI, if the overall market doesn't take a dump.

    It's that sixth day, a week from tomorrow, that will be interesting. :)

    ReplyDelete
  2. Anonymous4/08/2010 4:57 PM

    What the last week and a half should be telling you is that there is a "whisper number" out there for GCI earnings that is at least somewhat higher than the current consensus estimates, which is $.42/share (not including one time items).

    The actual result will have to beat that whisper number for the stock rise to continue past next Thursday. If it doesn't, the stock price will fall back somewhat. If they miss the consensus estimate on the low side, then the price will fall back quite a bit, probably below $16, but not below $14 (unless the miss is horrifically bad, and that is pretty unlikely).

    ReplyDelete
  3. Anonymous4/09/2010 5:57 PM

    Just follow that old Wall Street adage: Up on the rumor, sell on the news....

    ReplyDelete

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