Monday, September 08, 2008
Shares up nearly 7% at close, besting market
The company's stock closed at $18.50 today, up $1.13 a share, on heavy volume: 6.9 million shares vs. the 5.1 million daily average, Google Finance says. GCI's 6.5% jump was three times the 2.1% rise in the widely watched S&P-500 Index. Most of the newspaper stocks I watch finished higher today. Still, Gannett had the second-best performance after Washington Post Co.; its shares rose 6.7%.