Friday, September 23, 2011

Stock | In race to the bottom, publishers beat Dow

[Updated 3:53 p.m. ET Sept. 24 to correct biggest GCI weekly drop]

U.S. stocks edged higher today, trimming steep weekly losses that still amounted to the Dow Jones Industrial's worst week since October 2008, according to MarketWatch.

For the week, the blue-chip index lost 6.4% as investors sought cash on slashed expectations the Federal Reserve and European policy makers would quickly stabilize the global economy. The S&P 500 index also fell 6.4%.

Investors beat up shares of most newspaper publishers even more. Closing prices today, and their performance for the week:

GCI's worst week?
Over the past three years, it came Friday, March 6, 2009, July 10, 2009, when shares closed at $2.20 $3.19, down 32.1% 33.3% from the prior week, according to Google Finance data. (Spreadsheet shows weekly percentage price change since Sept. 26, 2008.)

Related: Investor relations' historical stock price lookup tool.

10 comments:

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  7. The theme for this blog should be "race to the bottom."

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