The market has been down on Gannett Co Inc (GCI) stock recently. GCI gets a Bearish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With GCI Stock Today?
Gannett Co Inc (GCI) stock is trading at $1.80 as of 9:59 AM on Tuesday, Jun 23, a gain of $0.08, or 4.97% from the previous closing price of $1.71. The stock has traded between $1.73 and $1.82 so far today. Volume today is less active than usual. So far 252,855 shares have traded compared to average volume of 6,562,416 shares.
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More About Gannett Co Inc
Gannett Co Inc, formerly known as New Media Investment Group Inc., is a digital newspaper company providing local media and marketing solutions in the U.S. The company's brands include the USA TODAY and more than 250 daily newspapers as well as digital marketing services companies, including ReachLocal, WordStream and SweetIQ. The company produces more than 350 annual events, such as themed expos. The company also operates in the U.K. through the U.K. media company Newsquest to provide more than 150 local media brands.
