Danger zone: McClatchy hits another 52-week low... stock down 26 percent in 5 days... ***Updated***

McClatchy (MNI) shares hit another 52-week low in trading on Monday. McClatchy is in the danger zone, as the stock is down 25 percent in the past 5 days.

UPDATE 11:09: Sacramento Business Journal notes there was no announcement by McClatchy today. The SBJ adds this:

The Sacramento-based company — publisher of The Sacramento Bee and 29 other daily newspapers — has sold its 15 percent stake in ShopLocal.com, according to online site PaidContent.org late Thursday.

Gannett is buying out its two partners, Tribune Company and McClatchy, in ShopLocal.com. Tribune’s equity investment was $33 million, while McClatchy had an $11 million investment in the site, according to the SBJ report.

UPDATE 4:07: McClatchy rebounded by the end of the day, closing at $5.47. Over the past 5 days the stock is down 23.52 percent.