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Gannett Co Inc Looks to Continue to Trade Below its Annual-Low Share Price Today

By David Diaz

Shares of Gannett Co Inc (NYSE:GCI) traded at a new 52-week low today of $7.50. This new low was reached on below average trading volume as 55,000 shares traded hands, while the average 30-day volume is approximately 1.2 million shares.

Gannett Co., Inc. operates as a media and marketing company. The Company offers print and digital daily and non-daily publications. Gannett serves customers in the United States and the United Kingdom.

Gannett Co Inc has overhead space with shares priced $8.00, or 32.6% below the average consensus analyst price target of $11.88. The stock should find initial resistance at its 50-day moving average (MA) of $9.88 and further resistance at its 200-day MA of $10.15.

In the past 52 weeks, Gannett Co Inc share prices have been bracketed by a current low of $7.50 and a high of $11.99 and are now at $8.00. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 1.6%.

SmarTrend is tracking the current trend status for Gannett Co Inc and will alert subscribers who have GCI in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows gannett co inc

Ticker(s): GCI