New York Times Co (The) (NYSE: NYT)
POTENTIAL TREND CHANGE
Potential Positive Trend Change/Rating
The New York Times Co (NYSE: NYT). Extremely significant positive changes in investment behavior have recently occurred: price rise disrupts longer term downtrend, and positive upside/downside volume.
Recent notable positive changes in fundamentals have benefitted The New York Times Co (NYSE: NYT): significant increase in consensus estimate for December, 2019, and significant increase in consensus estimate for December, 2018.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Recent Price Action
New York Times stock declined significantly on 2/28/18. The shares fell -2.6%, closing at $24.10. Trading volume was normal. The stock has been strong relative to the market over the last nine months but has declined -4.6% during the last week.