McClatchy (MNI) shares fell 6.6 percent in trading on Wednesday, while the Dow fell 5 percent. The above chart shows the decline in McClatchy shares over the past year..
UPDATE: Most newspapers took a dive Wednesday. Media General was the Biggest Loser (down 13.5 percent), and McClatchy was the 2nd Biggest Loser.
3 comments:
Actually it was 6.64%, but, I am grateful none the less. McLatchy has transfered a great deal of their worth to my accounts having been short on this company since it was selling for 55.00.
There is an upside to working for a loser and knowing it all along.
KC Star Online Business headline today (right now even)
Campaign End Gets Wall Streets Endorsment as Stocks Rally
http://www.kansascity.com/business/story/875486.html
...Odd that. The Dow lost 486.01 points today, the 5th of November. That's 5.05% of it's value. Perhaps being an Obama worshiper makes one invert bad news into good.
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