Gannett
shares recently traded for $14.97, down nearly 4%, as broader market indexes careen lower amid more
angst over the Euro's fall. Newspaper publisher stocks overall are lower, trading well below declines in the broader market. The
Dow Jones Industrial Average and the
S&P 500 are both down about 1%.
GCI's stock has traded even lower today, to $14.70 a share, approaching lows it reached in the 24 hours that included the stomach-churning "flash crash" on May 7, when the 30-stock Dow fell nearly 1,000 points. Gannett is now well below its 52-week high of $19.69, set on April 16.
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