Insider Selling: McClatchy VP Sells 59,716 Shares of Stock (MNI)
McClatchy (NYSE:MNI) VP Anders Gyllenhaal sold 59,716 shares of McClatchy stock on the open market in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $4.42, for a total value of $263,944.72. Following the sale, the vice president now directly owns 17,144 shares of the company’s stock, valued at approximately $75,776. The transaction was disclosed in a legal filing with the SEC, which is available at 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 down 1.11% during mid-day trading on Friday, hitting $4.46. 443,485 shares of the company’s stock traded hands. McClatchy has a 52 week low of $2.75 and a 52 week high of $7.39. The stock has a 50-day moving average of $5.09 and a 200-day moving average of $5.37. The company has a market cap of $386.9 million and a price-to-earnings ratio of 4.27.
McClatchy (NYSE:MNI) last issued its quarterly earnings data 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. Analysts expect that McClatchy will post $0.33 EPS for the current fiscal year.
The McClatchy Company (NYSE:MNI) is a local media company.
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