GateHouse Stock Hits All-Time Low On 14% Price Swoon

Posted Monday, July 7, 2008 12:00 am

By: Mark Fitzgerald Stock in one-time Wall Street darling GateHouse Media Inc. fell to an all-time low following a 14.1% price tumble Monday.

There were no announcements, regulatory filings, or analyst notes that might explain the drop of 35 cents to GateHouse's (NYSE: GHS) close of $2.12. Coming into Monday's session, the once high-flying stock had a 52-week trading range of $2.32 to $19.10.

On a generally mixed day for the newspaper sector, two other companies also scraped new 52-week lows.

Lee Enterprises Inc. (NYSE: LEE) closed at $3.15, off 11 cents, or 3.37. Its previous trading range had been $3.19 to $21.48.

Media General Inc. (NYSE: MEG) fell 39 cents, or 3.44, to establish a 52-week low of $10.94. It had traded between $11.20 and $34.62.

Investors through the day hammered The McClatchy Co.. down as much as 6%, but the stock rebounded to end unchanged at $5.47.

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GateHouse Stock Hits All-Time Low On 14% Price Swoon

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