Gannett Co Inc (GCI) : During the past 4 weeks, traders have been relatively bearish on Gannett Co Inc (GCI), hence the stock is down -17.75% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -5.1% relative to the S&P 500. The 4-week change in the price of the stock is -16.9% and the stock has fallen -5.05% in the past 1 week.
The stock has recorded a 20-day Moving Average of 10.26% and the 50-Day Moving Average is 16.27%. Gannett Co Inc (NYSE:GCI): stock turned positive on Friday. Though the stock opened at $11.63, the bulls momentum made the stock top out at $11.7 level for the day. The stock recorded a low of $11.52 and closed the trading day at $11.65, in the green by 0.09%. The total traded volume for the day was 741,517. The stock had closed at $11.64 in the previous days trading.
The company Insiders own 0.5% of Gannett Co Inc shares according to the proxy statements. Institutional Investors own 94.2% of Gannett Co Inc shares. Also, Equity analysts at the Brokerage firm Jefferies maintains its rating on Gannett Co Inc (NYSE:GCI). The rating major has initiated the coverage with hold rating on the shares. The Analysts at Jefferies lowers the price target from $15 per share to $14 per share. The rating by the firm was issued on July 28, 2016.
Gannett Co., Inc., formerly Gannett Spinco, Inc., is a media and marketing solutions company. The Company is engaged in providing local content on a range of platforms in the United States. The Company operates through Broadcasting and Digital segments. It also provides digital marketing services and Internet-based human resource solutions. Its digital media products and services include search, social media and Website development, among others. The Company offers its services in a range of geographies, demographics and content areas. The Company provides consumers with the information and entertainment, and connects consumers to their communities through various platforms, such as television stations, desktop, smartphone and tablet products. Its Broadcasting segment includes an independent station group of network affiliates. Its Digital business segment includes Cars.com, CareerBuilder, PointRoll and Shoplocal.