Monday, July 20, 2009

McClatchy shares rise 23% the day before Tuesday's 2nd quarter earnings report

McClatchy (MNI) closed at 54 cents a share Monday, up 23% over Friday's close. (A 23% increase sounds huge -- but it was just 10 cents higher than the previous day's close.)

Volume was 968,845, a little lower than average.
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3 comments:

Dave D. said...

..We saved ! We SAVED !!!!!

Anonymous said...

No No 2:56
It's ...We Be Saved! We really Be Saved!!!!!

Anonymous said...

Let's see. All news points to bad earnings, deepening loss of revenue. What would prompt a rise in price?.....Drum Roll Please.....SHORT SELLERS COVERING!