Thursday, August 6, 2009

McClatchy stock down 8 percent

McClatchy (MNI) shares are trading at $2.09 a share as of 12:55 EST -- down nearly 8 percent on the day. Volume is 900,684 shares, which seems lighter than usual for the past couple of week.
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4 comments:

Anonymous said...

Whoo Hoo!!!! Drop baby Drop!

It was down more yesterday...but today is a slow news day I guess.

Anonymous said...

It finished at $2.07, down 20 cents a share. Those phony 2Q profit reports aren't holding the stock price up, it's been in a dive the last couple of days. Don't spend those August "raises" yet people. Bwhahaha.

Anonymous said...

There will be another run-up then crash after 3Q profits (more phony year-over-year) are announced.

Anonymous said...

Actually, I expect this will trickle down, maybe to the $1 range before Q3's report, and then spike back up.

There is no reason for this stock to be this high this fast.

On another note they have successfully satisfied all listing requirements so they don't have to worry about that anymore (unless a prolonged drop below $1 happens again).