By: Mark Fitzgerald
Shares of Lee Enterprises sank below $1 a share in New York Stock Exchange trading Tuesday on a big sell-off two hours before the closing bell.
Lee (NYSE: LEE) ended the day at $1.05 a share, down 15 cents, or 12.5%, from the opening.
Just before 2 p.m. EST, a trade of 312,300 shares at $1.01 a share sent the stock sinking. It fell as low as 86 cents a share.
More details about Lee?s share performance, and results from the rest of the newspaper sector are at E&P?s business-oriented Fitz & Jen blog.