McClatchy Stock Crashed Friday After Company Warned of Pension Funding Crisis

Posted Monday, November 18, 2019 7:53 am

Rick Edmonds | Poynter

A week of cascading financial woes for McClatchy continued Friday when its already battered stock lost 65% of its value in a single day.

Shares opened at $1.41 and closed at 49 cents. The stock had started the week at $2.75 a share after weak third-quarter earnings and warnings of more problems ahead.

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McClatchy Stock Crashed Friday After Company Warned of Pension Funding Crisis

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