The company's
stock recently traded for $15.54 a share, up 59 cents, or 4%, on continued investor enthusiasm over what management will tell Wall Street media stock analysts at an industry conference tomorrow. Other publishers' shares are higher, too, but none so much as the GCI's.
Earlier today, the company's shares traded as high as $15.74 in advance of the
UBS Global Media and Communications Conference. GCI's executives are scheduled to speak at 9 a.m. ET. Their remarks will be webcast;
details, here.
GCI has now climbed 18.5% from a week ago, when shares closed at $13.11. (
Historical prices.) During the same period, the
S&P 500 index is up a much smaller 4.2%.
Related: In its UBS remarks today,
the New York Times Co. says it expects smaller print-ad drop
My guess is that the stock is rising in anticipation of the expected announcement of Dubow's retirement.
ReplyDeleteOr not.
It's simply rising as is much of the market right now....But longterm?????
ReplyDelete