GCI Stock Summary and Trading Ideas (Gannett Co. | NYSE:GCI)

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 April 24, 2024, GCI stock price declined to $2.69 with 617,795 million shares trading.

GCI has a beta of 0.16, meaning it tends to be less sensitive to market movements. GCI has a correlation of 0.00 to the broad based SPY ETF.

GCI has a market cap of $400.31 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 outperformed the market in the last year with a price return of +44.6% while the SPY ETF gained +24.1%. GCI has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +7.2% and +12.1%, respectively, while the SPY returned +4.5% and -1.7%, respectively.

GCI support price is $2.60 and resistance is $2.84 (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.