The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Gannett Co Inc shares valued at $343,063 were purchased by Horne Douglas Edward on Jun 02 ’25. At $3.42 per share, Horne Douglas Edward acquired 100,273 shares.
Also, Horne Douglas Edward purchased 155,000 shares, netting a total of over 546,927 in proceeds.
Before that, Horne Douglas Edward had added 75,000 shares to its account. In a trade valued at $255,783, the Former Officer bought Gannett Co Inc shares for $3.41 each.
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 2.04%. Over the course of the year, Gannett Co Inc shares have dropped approximately -30.83%. Shares of the company reached a 52-week high of $5.42 on 01/06/25 and a 52-week low of $2.55 on 04/09/25.
Support And Resistance Levels for Gannett Co Inc (GCI)
According to the 24-hour chart, there is a support level at 3.39, which, if violated, would cause prices to drop to 3.28. In the upper region, resistance lies at 3.68. The next price resistance is at 3.86. RSI (Relative Strength Index) is 52.71 on the 14-day chart, showing neutral technical sentiment.
