Gannett Co. Inc. (NYSE:GCI) shares declined 2%, the leading laggard on the S&P 500. The firm, which publishes USA Today, reported on Tuesday profit jumped up in the first quarter as digital revenue in its publishing unit rallied. But advertising revenue declined 4.5% and shares shed above 5% following the earnings launch.
Gannett Co., Inc. (NYSE:GCI) shares in the current session moved down -1.41% reaching at $20.25. The stock traded in a range of $20.15– $20.61. In the last year the stock has moved within a range of $12.17– $22.20. The current session’s volume of 563,270 shares is lower from their average daily trading volume of 2.76 million shares.
Gun shares was hot topic on Twitter as gun maker Sturm Ruger & Co. (NYSE:RGR) is slated to announced first-quarter earnings following the bell. Experts surveyed by FactSet estimated earnings of $1.06 a share on sales of $139.3 million, which would be in focus in light of the Newtown school shooting. Shares have rallied 8% this year to date but have declined 3.3% this month.
Another rival company Sturm, Ruger & Company(NYSE:RGR) trading up +2.30% to $50.18. Intraday trading recorded the stock price in a range of $49.37to $50.86. In the previous 52 weeks the stock’s price ranged between $34.22 and $60.11. The current session’s volume of 138,762 shares was lower from their average daily trading volume of 354,732 shares.
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