Insider Selling: McClatchy VP Sells 68,316 Shares of Stock (MNI)
McClatchy (NYSE:MNI) VP Robert J. Weil sold 68,316 shares of the stock on the open market in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $4.65, for a total value of $317,669.40. Following the completion of the transaction, the vice president now directly owns 5,068 shares of the company’s stock, valued at approximately $23,566. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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.
McClatchy (NYSE:MNI) traded down 0.45% during mid-day trading on Wednesday, hitting $4.46. The stock had a trading volume of 291,049 shares. McClatchy has a 1-year low of $2.75 and a 1-year high of $7.39. The stock’s 50-day moving average is $5.14 and its 200-day moving average is $5.38. The company has a market cap of $386.9 million and a price-to-earnings ratio of 4.24.
McClatchy (NYSE:MNI) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.03 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.
The McClatchy Company (NYSE:MNI) is a local media company.
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