In a series of regulatory notices this afternoon, three of Gannett's most senior executives disclosed they had sold more of their GCI stock holdings:
These trades also could indicate the top brass thinks GCI isn't likely to rise much higher in the near future.
GCI's stock closed today at $18.68, up fractionally. They hit a 52-week high of $19.99 in late September.
- Bob Dickey, president of the U.S. newspapers division: 14,171 shares at an average $18 each on Monday. Total proceeds: $255,000.
- Dave Lougee, president of the broadcasting division: 9,141 for an average $18.17 yesterday. Proceeds: $166,000.
- Jack Williams, president of Digital Ventures, 5,375 for an average $17.89, also on Monday. Proceeds: $96,000.
These trades also could indicate the top brass thinks GCI isn't likely to rise much higher in the near future.
GCI's stock closed today at $18.68, up fractionally. They hit a 52-week high of $19.99 in late September.
I think they just wanted to cash in some profit before the end of the year. Same as George Lucas.
ReplyDeleteHere's a teaser . . . which is worth more: Gannett, or George Lucas after the Lucasfilm sale to Disney?