Gannett stock: It happened this week

Click on these two graphics to make them bigger. Let’s face it: Few stocks escaped debt-related worries this week. Still, GCI’s performance was especially bad. In the chart (above), GCI (blue line) fell 6.1% during the week vs. a smaller 4.9% decline by the broader S&P-500 Index (red line). Equally alarming, the table (inset, left) shows GCI had the worst performance among the six big newspaper stocks I follow; only the Washington Post Co. advanced over the five days. Indeed, it’s worth noting that GCI’s $48.63 closing price today was the first time it fell below $50 since late November 1997 — nearly 10 years ago.

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