Monday, June 04, 2012

Stock | Investors eye another market downer

U.S. stocks were poised to drop further when trading resumes this morning, following Friday's bruising deep dive over a surprisingly weak May jobs report.

Gannett's stock plunged 5.6%, closing Friday at $12.33 -- the worst performance of major newspaper publishers. Still, shares have fared even worse over the past year, according to a new analysis of market data.

Futures today on the Dow Jones Industrial Average fell another 50 points to 12,053, according to MarketWatch, tracking another round of lackluster Chinese survey data that added to worries over global growth prospects. Trading is set to resume at 9:30 a.m. ET.

In percentage terms, GCI's single-worst day over the past year was Aug. 10, when it fell 9% as overall markets tumbled on worldwide debt fears.

What's more, in a reflection of the company's continued weak earnings, shares fell 7% or more on the past three consecutive quarterly results, the analysis shows. Moreover, two big dividend increases have failed to bolster shares.

This spreadsheet shows daily, dividend-adjusted closing stock prices, with percentage change.


  1. This comment has been removed by a blog administrator.

  2. It did get a pop today. Maybe Gracia decided to earmark some of thst cash flow into another round of buybacks.


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