GCI closes up, but stocks now poised for sharp dive

Updated at 9:06 a.m. ET: Stocks appear ready to start trading sharply lower today, “as a raft of disappointing earnings reports and corporate outlooks slammed futures and reignited concern over the long-term impact the credit crunch will have on consumers,” The Wall Street Journal (paid subscription usually required) is now reporting. Trading starts at 9:30 a.m. ET.

Earlier: After trading as low as $14.92 last Wednesday amid the dismal second-quarter earnings report, GCI’s shares closed at $17.53 yesterday — up nearly 4% on stronger-than-average volume. That boosted the company’s market value above $4 billion again.

Advertisements

2 Responses to “GCI closes up, but stocks now poised for sharp dive”

  1. Anonymous Says:

    Gannett stock closed up today for a second day in a row, despite dire predictions for a sharp decline.

    At the final bell, it was up 24 cents to $17.77 per share.

  2. Anonymous Says:

    Indeed it did finish up for the second day in a row, $34.83 BELOW its trading price 52 weeks ago.

    Which is nothing to be proud of …

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: