New Media Investment Group (NEWM) Shares are Down -4.5%

New Media Investment Group (NEWM) : During the past 4 weeks, traders have been relatively bearish on New Media Investment Group (NEWM), hence the stock is down -3.63% 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 -4.66% relative to the S&P 500. The 4-week change in the price of the stock is -4.14% and the stock has fallen -4.5% in the past 1 week.

The stock has recorded a 20-day Moving Average of 2.98% and the 50-Day Moving Average is 6.98%.The 200 Day SMA reached 5.14%

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New Media Investment Group (NYSE:NEWM): The stock opened in the green at $15.8 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $15.87 and a low of $15.49 for the day. The stock did not find buyers even at the lows and closed at $15.5 recording a loss of -0.83%. 563,130 shares exchanged hands during the trading day. The stock had closed at $15.5 in the previous days trading.

New Media Investment Group (NEWM) : The highest short term price target forecast on New Media Investment Group (NEWM) is $26 and the lowest target price is $20. A total of 2 equity analysts are currently covering the company. The average price of all the analysts is $23 with a standard deviation of $4.24.

New Media Investment Group Inc. is a holding company. The Company is a publisher of locally-based print and online media. The Company owns, operates and invests in local media assets. It focuses on owning and acquiring local media assets in small to mid-size markets. It focuses on business categories, such as consumers and small to medium size businesses (SMBs). Its portfolio of media assets spans across 379 markets and 27 states. Its products include 452 community print publications, 379 Websites, 360 mobile sites and six yellow page directories. Its digital marketing services business, Propel Marketing (Propel), offers a set of turn-key digital marketing services to SMBs that provides results to the business owners. It operates in four publication groups: Small Community Newspapers, Metros, Large Daily Newspapers and Local Media

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