Lee Enterprises Incorporated (LEE) : Traders are bullish on Lee Enterprises Incorporated (LEE) as it has outperformed the S&P 500 by a wide margin of 24.95% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 27.43%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 27.5% in the last 1 week, and is up 26.24% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 28.82% and the 50-Day Moving Average is 29.57%. Lee Enterprises Incorporated (NYSE:LEE): stock turned positive on Friday. Though the stock opened at $2.34, the bulls momentum made the stock top out at $2.71 level for the day. The stock recorded a low of $2.3201 and closed the trading day at $2.55, in the green by 7.14%. The total traded volume for the day was 795,754. The stock had closed at $2.38 in the previous days trading.
The company Insiders own 7.3% of Lee Enterprises Incorporated shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -16.18% . Institutional Investors own 36.06% of Lee Enterprises Incorporated shares. During last six month period, the net percent change held by insiders has seen a change of -16.18%.
Lee Enterprises, Incorporated, is a provider of local news and information and advertising. The Company serves at the Midwest, Mountain West and West regions of the United States. The Company has 50 daily newspaper markets, across 22 states. The Companys platform include 50 daily and 38 Sunday newspapers with subscribers totaling 1.1 million and 1.5 million, respectively, for the six months ended September 29, 2013, read by nearly four million people in print; websites, mobile and tablet products in all of its markets has 23.2 million unique visitors in September 2013, with 209.1 million page views; and nearly 300 weekly newspapers and classified and niche publications. The Companys market has established retail bases, and most are regional shopping hubs. The Company also holds Pulitzer Inc., and Madison Newspapers.