Thursday, November 13, 2008
McClatchy stock price jumps up at the end of the day (updated)
McClatchy (MNI) shares spiked upward in the last minutes of trading Thursday. From the above chart you can see the MNI jump happened just before trading ended.
Most newspapers had a good day but McClatchy's increase -- 29.2% in one day -- is unusual. Hmmm.
UPDATED: From comments, an explanation -- the last minute surge was caused by naked short-selling.