Insider Selling: Elaine Lintecum Sells 9,112 Shares of McClatchy Stock (MNI)
McClatchy (NYSE:MNI) CFO Elaine Lintecum sold 9,112 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $4.63, for a total transaction of $42,188.56. Following the completion of the transaction, the chief financial officer now directly owns 27,042 shares of the company’s stock, valued at approximately $125,204. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Separately, analysts at TheStreet downgraded shares of McClatchy from a “hold” rating to a “sell” rating in a research note on Wednesday, June 4th.
Shares of McClatchy (NYSE:MNI) traded up 1.31% on Monday, hitting $4.63. The stock had a trading volume of 414,415 shares. McClatchy has a 1-year low of $2.75 and a 1-year high of $7.39. The stock has a 50-day moving average of $5.1 and a 200-day moving average of $5.39. The company has a market cap of $401.5 million and a price-to-earnings ratio of 4.32.
McClatchy (NYSE:MNI) last released its earnings data on Thursday, July 24th. The company reported $1.03 earnings per share for the quarter. The company had revenue of $292.00 million for the quarter, compared to the consensus estimate of $301.61 million. On average, analysts predict that McClatchy will post $0.33 earnings per share for the current fiscal year.
The McClatchy Company (NYSE:MNI) is a local media company.
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