Gannett Co Inc (NYSE: GCI) stock suffered a major decline of -19.3% on 10/31/24. The shares closed at $4.69. Moreover, this decline was accompanied by exceptionally high trading volume at 426% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -15.3% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, GCI is expected to continue to be a modest Value Builder.
Gannett has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Gannett has a poor Appreciation Score of 18 but a very high Power Rating of 94, and the Neutral Value Trend Rating results.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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