Insider Selling: McClatchy VP Sells 23,400 Shares of Stock (MNI)
McClatchy (NYSE:MNI) VP Mark Zieman sold 23,400 shares of the stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $4.54, for a total transaction of $106,236.00. Following the completion of the sale, the vice president now directly owns 15,137 shares in the company, valued at approximately $68,722. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
McClatchy (NYSE:MNI) traded up 1.31% on Monday, hitting $4.63. 414,415 shares of the company’s stock traded hands. 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 P/E ratio of 4.32.
McClatchy (NYSE:MNI) last announced its earnings results on Thursday, July 24th. The company reported $1.03 earnings per share (EPS) 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.
Separately, analysts at TheStreet downgraded shares of McClatchy from a “hold” rating to a “sell” rating in a research note on Wednesday, June 4th.
The McClatchy Company (NYSE:MNI) is a local media company.
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