Gannett Co Inc (GCI) has been under a strong bear grip, hence the stock is down -15.37% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3.72% in the past 1 week. The stock has risen by 3.69% in the past week indicating that the buyers are active at lower levels, but the stock is down -15.05% in the past 4 weeks.
Gannett Co., Inc. has dropped 24.28% during the last 3-month period . Year-to-Date the stock performance stands at -24.29%. The stock has recorded a 20-day Moving Average of 3.12% and the 50-Day Moving Average is 11.04%.
Gannett Co Inc (NYSE:GCI): The stock opened at $12.11 on Friday but the bulls could not build on the opening and the stock topped out at $12.12 for the day. The stock traded down to $11.95 during the day, due to lack of any buying support eventually closed down at $12.08 with a loss of -0.49% for the day. The stock had closed at $12.14 on the previous day. The total traded volume was 617,366 shares.
Also, Equity Analysts at the Jefferies maintains the rating on Gannett Co Inc (NYSE:GCI). The brokerage firm has issued a Hold rating on the shares. The Analysts at the ratings agency 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.