Gannett Strengthens Financial Position with Debt Repayment
TipRanks (Tue, 26-Mar 7:32 AM ET)
Gannett announces debt reduction
Seeking Alpha News (Tue, 26-Mar 7:15 AM ET)
Gannett Announces Further Debt Reduction
Business Wire (Tue, 26-Mar 7:00 AM ET)
LocaliQ Achieves SOC 2 Type II Compliance Certification
Business Wire (Tue, 12-Mar 9:00 AM ET)
Gannett to Participate at Deutsche Bank 32nd Annual Media, Internet, & Telecom Conference
Business Wire (Mon, 4-Mar 7:30 AM ET)
USA TODAY Announces the 2024 Women of the Year in Honor of Women's History Month
Business Wire (Thu, 29-Feb 10:07 AM ET)
Monica Richardson Appointed USA TODAY Senior Vice President
Business Wire (Fri, 23-Feb 2:38 PM ET)
Gannett Announces 2023 Results and Business Outlook
Business Wire (Thu, 22-Feb 7:00 AM ET)
State Farm Wins USA TODAY's 36th Annual Ad Meter Competition
Business Wire (Mon, 12-Feb 9:06 AM ET)
Gannett Schedules Fourth Quarter 2023 Results
Business Wire (Thu, 8-Feb 7:30 AM ET)
Gannett Co Inc is a digital newspaper company providing local media and marketing solutions in the U.S. The group operates in three segments, Domestic Gannett Media, Newsquest, and Digital Marketing Solutions. The majority of revenue is from the Domestic Gannett Media segment. The company's brands include USA TODAY and more than 250 daily newspapers as well as digital marketing services companies, including ReachLocal, WordStream, and others. The company produces more than 350 annual events, such as themed expos. The company also operates in the U.K. through the U.K. media company Newsquest, providing more than 150 local media brands.
Gannett Co. trades on the NYSE stock market under the symbol GCI.
As of March 28, 2024, GCI stock price climbed to $2.35 with 9,264 million shares trading.
GCI has a beta of 0.37, meaning it tends to be less sensitive to market movements. GCI has a correlation of 0.01 to the broad based SPY ETF.
GCI has a market cap of $349.71 million. This is considered a Small Cap stock.
Last quarter Gannett Co. reported $669 million in Revenue and -$.13 earnings per share. This fell short of revenue expectation by $-4 million and missed earnings estimates by -$.21.
In the last 3 years, GCI stock traded as high as $7.05 and as low as $1.25.
The top ETF exchange traded funds that GCI belongs to (by Net Assets): VTI, IWM, VXF, FNDA, IWN.
GCI has underperformed the market in the last year with a return of +29.1%, while the SPY ETF gained +33.7%. In the last 3 month period, GCI fell short of the market, returning -4.5%, while SPY returned +10.2%. However, in the most recent 2 weeks GCI has outperformed the stock market by returning +15.2%, while SPY returned +1.8%.
GCI support price is $2.26 and resistance is $2.40 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GCI stock will trade within this expected range on the day.