|Day Low/High||9.53 / 10.50|
|52 Wk Low/High||5.75 / 11.04|
Regardless of the reason behind it, when a stock makes a large-percentage move, it is often just the start of a new major trend -- a trend that can lead to huge profits.
The McClatchy Company's CEO Discusses Q2 2012 Results - Earnings Call Transcript
AP revenue slips slightly in 2011 for third straight decline; growth seen in 2012
Shares of McClatchy Company (NYSE:MNI) have taken a tremendous swing upward. The stock is trading at $2.70 as of 10:50 a.m. ET, 20.5% above Monday's closing price of $2.24. Volume is at 1.6 million, 1.2 times the daily average of 1.3 million.
Shares of McClatchy Company (NYSE:MNI) were gapping down Thursday morning with an open price 10.5% lower than Wednesday's closing price. The stock closed at $1.91 yesterday and opened today's trading at $1.71.
If investors lose their appetite for risky companies in 2012, bankruptcies may follow.
Newspaper publishers, media companies form joint venture to run local shopping search engine
In the age of the Internet, newspapers are facing a death spiral of declining advertising revenue. That's why it's time to sell your newspaper stocks.
McClatchy Company (NYSE:MNI) hit a new 52-week low Wednesday as it is currently trading at $2.50, below its previous 52-week high of $5.61 with 856,727 shares traded as of 3:59 p.m. ET. Average volume has been 1.1 million shares over the past 30 days.
McClatchy Company (NYSE:MNI) hit a new 52-week low Monday as it is currently trading at $2.58, below its previous 52-week high of $5.61 with 940,266 shares traded as of 3:52 p.m. ET. Average volume has been 1.1 million shares over the past 30 days.
Investors are most pessimistic about companies such as Hovnanian and St. Joe.
Top 10 New York Stock Exchange-traded stocks posting largest percentage increases
Newspaper stocks are gaining as investors enter the New Year with a positive outlook on the advertising market.
Companies are holding back on holiday gifts for clients but increasing perks for employees, surveys show.
McClatchy is up more than 8% today after Standard & Poor's raised its corporate credit rating on the newspaper publisher.
McClatchy shares are surging today after chairman and CEO Gary Pruitt noted the improving advertising revenue trends in his presentation at the 38th annual UBS media conference.
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