Wednesday, November 19, 2008
McClatchy shares down 21.7 percent Wednesday (updated)
McClatchy (MNI) shares were down 21.7 percent on Wednesday, closing at $1.51. I wouldn't read too much into today's drop, because of yesterday's end-of-the-day upward spike (a 17 percent spike). However, today's close is just a shade above MNI's all time low of $1.48.
The above chart shows the decline in McClatchy shares over the past year.