McClatchy (NYSEAMERICAN:MNI) Shares Pass Above 200 Day Moving Average of $0.00

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McClatchy Co (NYSEAMERICAN:MNI)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.00 and traded as high as $0.55. McClatchy shares last traded at $0.52, with a volume of 7,498 shares changing hands.

Separately, Noble Financial reiterated a “buy” rating and set a $3.00 target price on shares of McClatchy in a report on Sunday, November 17th.

McClatchy (NYSEAMERICAN:MNI) last posted its quarterly earnings data on Wednesday, November 13th. The company reported ($0.16) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($1.54) by $1.38. The company had revenue of $167.44 million for the quarter.

An institutional investor recently bought a new position in McClatchy stock. Creative Planning acquired a new stake in shares of McClatchy Co (NYSEAMERICAN:MNI) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,165 shares of the company’s stock, valued at approximately $27,000. Creative Planning owned approximately 0.13% of McClatchy as of its most recent filing with the Securities and Exchange Commission. 35.62% of the stock is currently owned by hedge funds and other institutional investors.

McClatchy Company Profile (NYSEAMERICAN:MNI)

The McClatchy Company publishes newspapers and news Websites in the United States. Its publications include the Miami Herald, The Kansas City Star, The Sacramento Bee, The Charlotte Observer, The (Raleigh) News and Observer, and The (Fort Worth) Star-Telegram. It also provides niche publications and community newspapers, as well as other print and digital direct marketing services.

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