New Media Investment Group (NEWM) Shares are Down -0.59%

New Media Investment Group (NEWM) : During the past 4 weeks, traders have been relatively bearish on New Media Investment Group (NEWM), hence the stock is down -14.95% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.56% relative to the S&P 500. The 4-week change in the price of the stock is -14.62% and the stock has fallen -0.59% in the past 1 week.

New Media Investment Group Inc. is up 0.5% in the last 3-month period. Year-to-Date the stock performance stands at -8.23%. The stock has recorded a 20-day Moving Average of 3.69% and the 50-Day Moving Average is 5.3%.


New Media Investment Group (NYSE:NEWM): The stock opened at $16.83 on Friday but the bulls could not build on the opening and the stock topped out at $16.95 for the day. The stock traded down to $16.77 during the day, due to lack of any buying support eventually closed down at $16.82 with a loss of -0.36% for the day. The stock had closed at $16.88 on the previous day. The total traded volume was 136,442 shares.

Also, Equity Analysts at the Brokerage Firm, Compass Point, downgrades their rating on the shares of New Media Investment Group (NYSE:NEWM). Compass Point has a Neutral rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on July 29, 2016.

New Media Investment Group Inc. is a holding company. The Company is a publisher of locally-based print and online media. The Company owns, operates and invests in local media assets. It focuses on owning and acquiring local media assets in small to mid-size markets. It focuses on business categories, such as consumers and small to medium size businesses (SMBs). Its portfolio of media assets spans across 379 markets and 27 states. Its products include 452 community print publications, 379 Websites, 360 mobile sites and six yellow page directories. Its digital marketing services business, Propel Marketing (Propel), offers a set of turn-key digital marketing services to SMBs that provides results to the business owners. It operates in four publication groups: Small Community Newspapers, Metros, Large Daily Newspapers and Local Media

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