Thursday, August 11, 2011

Stock | GCI closes up 8%, as markets surge higher

[Updated at 4:07 p.m. ET.] Gannett's stock just closed at $10.23 a share, up 75 cents, or 7.9%, as major indexes marched higher throughout the afternoon, according to preliminary Google Finance data. The S&P 500 index closed up 4.6%, and the Dow Jones Industrial Average ended the day up 423 points, for a 3.9% gain.

Since Aug. 1 alone, GCI's shares have fallen 19% -- a middling performance among six newspaper publishers I'm now watching. This spreadsheet tracks today's changes.

Earlier: Defining GCI as an "outstanding investment."

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