Insider Selling: The McClatchy Company VP Sells 15,654 Shares of Stock (MNI)
The McClatchy Company (NYSE:MNI) VP Anders Gyllenhaal sold 15,654 shares of The McClatchy Company stock on the open market in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $4.40, for a total transaction of $68,877.60. Following the transaction, the vice president now directly owns 1,490 shares in the company, valued at approximately $6,556. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Separately, analysts at TheStreet downgraded shares of The McClatchy Company from a “hold” rating to a “sell” rating in a research note on Wednesday, June 4th.
Shares of The McClatchy Company (NYSE:MNI) traded up 2.50% on Friday, hitting $4.51. 367,649 shares of the company’s stock traded hands. The McClatchy Company 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 $4.80 and a 200-day moving average of $5.37. The company has a market cap of $391.2 million and a P/E ratio of 4.16.
The McClatchy Company (NYSE:MNI) last posted its quarterly earnings results 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 The McClatchy Company 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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