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Gannett Co., Inc. stock price down 1.99% on Thursday
(Updated on Oct 03, 2024)

Buy candidate since Sep 17, 2024 Loss -0.73%

The Gannett Co., Inc. stock price fell by -1.99% on the last day (Thursday, 3rd Oct 2024) from $5.54 to $5.43. During the last trading day the stock fluctuated 2.14% from a day low at $5.38 to a day high of $5.50. The price has been going up and down for this period, and there has been a -3.21% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -10 thousand shares and in total, 756 thousand shares were bought and sold for approximately $4.10 million.

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 15.08% during the next 3 months and, with a 90% probability hold a price between $5.14 and $7.03 at the end of this 3-month period.

GCI Signals & Forecast

The Gannett Co., Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $5.52. On a fall, the stock will find some support from the long-term average at approximately $5.11. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, September 27, 2024, and so far it has fallen -3.72%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Gannett Co., Inc. stock

Gannett Co., Inc. finds support from accumulated volume at $5.22 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.115 between high and low, or 2.14%. For the last week, the stock has had daily average volatility of 3.62%.

Our recommended stop-loss: $5.17 (-4.83%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (GCI) For The Upcoming Trading Day Of Friday 4th

For the upcoming trading day on Friday, 4th we expect Gannett Co., Inc. to open at $5.44, and during the day (based on 14 day Average True Range), to move between $5.15 and $5.71, which gives a possible trading interval of +/-$0.281 (+/-5.18%) up or down from last closing price. If Gannett Co., Inc. takes out the full calculated possible swing range there will be an estimated 10.37% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $5.47 (0.74%) than the support at $5.22 (3.87%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Gannett Co., Inc. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Gannett Co., Inc. stock to perform well in the short-term.

Current score: 2.637 Buy Candidate Unchanged

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Predicted Fair Opening Price

Predicted fair opening price on October 4, 2024 - $5.44 ( 0.0921%). The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for GCI

Fibonacci Support & Resistance Levels

Level Price
R3 5.55 2.21%
R2 5.51 1.40%
R1 5.48 0.90%
Price 5.43
S1 5.39 -0.717%
S2 5.36 -1.22%
S3 5.32 -2.03%

Accumulated Volume Support & Resistance Levels

Level Price
R3 5.73 5.52%
R2 5.61 3.31%
R1 5.47 0.737%
Price 5.43
S1 5.22 -3.87%
S2 4.87 -10.31%
S3 4.52 -16.76%

GCI Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Oct 16, 2019 Oct 31, 2019 Nov 12, 2019 $0.380 5.33%
2 Aug 05, 2019 Aug 19, 2019 Aug 28, 2019 $0.380 4.49%
3 May 02, 2019 May 10, 2019 May 22, 2019 $0.380 4.07%
4 Feb 27, 2019 Mar 08, 2019 Mar 20, 2019 $0.380 3.20%
5 Oct 31, 2018 Nov 08, 2018 Nov 20, 2018 $0.380 2.90%

FAQ

What is the symbol for Gannett Co., Inc. Stock and on which exchange is it traded?
The symbol for Gannett Co., Inc. is GCI and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Gannett Co., Inc. Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Gannett Co., Inc. stock to perform well in the short-term.

How to buy Gannett Co., Inc. Stock?
Gannett Co., Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Gannett Co., Inc. Stock.

What's the current price of Gannett Co., Inc. Stock?
As of the end of day on the Oct 03, 2024, the price of an Gannett Co., Inc. (GCI) share was $5.43.

What is the 52-week high and low for Gannett Co., Inc. Stock?
The 52-week high for Gannett Co., Inc. Stock is $5.93 and the 52-week low is $1.66.

What is the market capitalization of Gannett Co., Inc. Stock?
As of the Oct 03, 2024, the market capitalization of Gannett Co., Inc. is 817.704M.

When is the next earnings date for Gannett Co., Inc.?
The upcoming earnings date for Gannett Co., Inc. is Nov 07, 2024.
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ABOUT GANNETT CO., INC.
Gannett Co..
Gannett Co., Inc. operates as a media and marketing solutions company in the United States. It operates through two segments, Publishing and Digital Marketing Solutions. The company's principal products include 230 daily print media with total paid circulation of approximately 1.9 million and Sunday circulation of 2.2 million; 249 weekly print media with total circulation of approximately 1.4 million; and 292 locally-focused websites. Its princip...
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