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The McClatchy Company Message Board

  • newspaper_advertising newspaper_advertising Mar 13, 2013 8:12 AM Flag

    Two days with over 1,000,000 shares traded in last week

    In the past week, there have been two days where volume exceeded 1 million shares traded. This hasn't happened in the past year with such volume in the same week. In fact these are two of the 4 highest volume days in over 15 months. Granted, this still equates to just over $3.5 million per day, but it is worth looking at. In a thinly traded stock like this, when volume goes to 4x daily level it does have an impact on price.

    Someone has purchased significant shares in the past week. Could be someone ahead of Buffett, in alignment with Buffett, or not associted with Buffett in any way. The general economy is getting better so maybe someone playing the ad pickup scenario.

    It will be interesting to see if the price stays up over $3 or settles back down. It's all about the volume of sares traded right now.

    Sentiment: Hold

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