Wednesday, May 12, 2010

Stock | Post-Morgan, GCI keeps moving higher

[Arrow shows Thursday, when GCI traded as low as $14.12; live chart]

Adding momentum to yesterday's big jump, Gannett shares recently traded for $16.81 a share after running as high as $17.13 today, as investors continue to cheer investment bank J.P. Morgan Chase's huge bet on the nation's No. 1 newspaper publisher.

Yesterday, GCI closed 3.4% higher after Morgan disclosed in a regulatory filing that it had boosted its stake to 24 million shares -- a block worth $398.2 million, based on yesterday's closing price.
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1 comment:

  1. Anonymous5/12/2010 1:40 PM

    SELL THIS PIECE OF SHIT....SELL

    ReplyDelete

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