Friday, January 4, 2008

More on Friday's McClatchy (MNI) stock plunge

Sacramento Business Journal:
Shares of The McClatchy Co. dropped 6.6 percent to a new 52-week low in trading Friday, as the newspaper chain continues to take a beating on Wall Street. McClatchy stock fell 77 cents to $10.99. 74 percent from its high of $41.72 -- and 83 percent lower than the $67.23 price on Jan. 4, 2005.


All Things Political:
As a follow-up to yesterday's post, McClatchy's stock slid another 6+ % today to close at $10.99/share. According to Google finance - the lowest price was $11 on September 28th, 1990.


Morningstar:

The price of this stock has changed from $11.7600 to $10.9700 during heavy trading today. The trading volume of 1,129,657 shares was higher than its average daily volume over the past 30 days.