Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Gannett Co Inc. shares valued at $225,000 were purchased by Tarica Laurence on Sep 13 ’24. At $4.50 per share, Tarica Laurence acquired 50,000 shares. The insider’s holdings grew to 1,089,663 shares worth approximately $6.11 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Tarica Laurence purchased 200,000 shares, netting a total of over 370,000 in proceeds. Following the buying of shares at $1.85 each, the insider now holds 1,008,799 shares.
Before that, Reed Michael had added 60,000 shares to its account. In a trade valued at $120,600, the Chief Executive Officer bought Gannett Co Inc. shares for $2.01 each. Upon closing the transaction, the insider’s holdings increased to 60,000 shares, worth approximately $18.54 million.
As published in a research note from Citigroup on September 17, 2024, Gannett Co Inc. [GCI] has been rated up from a Sell to a Neutral and the price target has been revised to $5.10. Analysts at Citigroup downgraded the stock from ‘”a Neutral”‘ to ‘”a Sell”‘ outlook in a report released in late August. As of July 01, 2024, JMP Securities has initiated its “Mkt outperform” rating for GCI. Earlier on May 24, 2024, Citigroup upgraded its rating. Their new recommendation was “a Neutral” for GCI stock which previously was a “a Sell”.
Analyzing GCI Stock Performance
During the last five days, there has been a surge of approximately 31.07%. Over the course of the year, Gannett Co Inc. shares have jumped approximately 143.91%. Shares of the company reached a 52-week high of $5.93 on 09/18/24 and a 52-week low of $1.95 on 03/05/24. A 50-day SMA is recorded $4.78, while a 200-day SMA reached $3.30. Nevertheless, trading volume fell to 3.58 million shares from 4.21 million shares the previous day.
Support And Resistance Levels for Gannett Co Inc. (GCI)
According to the 24-hour chart, there is a support level at 5.38, which, if violated, would cause prices to drop to 5.16. In the upper region, resistance lies at 5.88. The next price resistance is at 6.16. RSI (Relative Strength Index) is 65.20 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.41, which suggests the price will decrease in the coming days. Percent R is at 17.73%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
