In a filing, Gannett Co Inc. revealed its Director Tarica Laurence acquired Company’s shares for reported $0.23 million on Sep 13 ’24. In the deal valued at $4.50 per share,50,000 shares were bought. As a result of this transaction, Tarica Laurence now holds 1,089,663 shares worth roughly $6.09 million.
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Then, Tarica Laurence bought 200,000 shares, generating $370,000 in total proceeds. Upon buying the shares at $1.85, the Director now owns 1,008,799 shares.
Before that, Reed Michael bought 60,000 shares. Gannett Co Inc. shares valued at $120,600 were divested by the Chief Executive Officer at a price of $2.01 per share. As a result of the transaction, Reed Michael now holds 3,304,323 shares, worth roughly $18.47 million.
Citigroup upgraded its Gannett Co Inc. [GCI] rating to a Neutral from a a Sell in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in late August from “a Neutral” to “a Sell”. JMP Securities began covering GCI with “Mkt outperform” recommendation on July 01, 2024. Citigroup revised its rating on May 24, 2024. It rated GCI as “a Neutral” which previously was an “a Sell”.
Price Performance Review of GCI
On Friday, Gannett Co Inc. [NYSE:GCI] saw its stock fall -0.53% to $5.59. Over the last five days, the stock has gained 2.57%. Gannett Co Inc. shares have risen nearly 143.04% since the year began. Nevertheless, the stocks have risen 148.44% over the past one year. While a 52-week high of $5.93 was reached on 09/18/24, a 52-week low of $1.66 was recorded on 03/05/24. SMA at 50 days reached $5.25, while 200 days put it at $3.74.
Levels Of Support And Resistance For GCI Stock
The 24-hour chart illustrates a support level at 5.52, which if violated will result in even more drops to 5.44. On the upside, there is a resistance level at 5.69. A further resistance level may holdings at 5.78. The Relative Strength Index (RSI) on the 14-day chart is 54.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.14%. Stochastics %K at 58.96% indicates the stock is a holding.
How much short interest is there in Gannett Co Inc.?
A steep rise in short interest was recorded in Gannett Co Inc. stocks on 2024-10-15, growing by 0.57 million shares to a total of 14.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 14.01 million shares. There was a rise of 3.91%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 12, 2023 when Compass Point began covering the stock and recommended ‘”a Buy”‘ rating along with a $5 price target.
