The stock of Lee Enterprises, Incorporated (NYSE:LEE) is a huge mover today! The stock decreased 4.53% or $0.17 on October 3, hitting $3.58. About 423,156 shares traded hands or 18.08% up from the average. Lee Enterprises, Incorporated (NYSE:LEE) has risen 161.31% since March 1, 2016 and is uptrending. It has outperformed by 149.10% the S&P500.
The move comes after 8 months negative chart setup for the $210.91M company. It was reported on Oct, 4 by Barchart.com. We have $3.22 PT which if reached, will make NYSE:LEE worth $21.09 million less.
Analysts await Lee Enterprises, Incorporated (NYSE:LEE) to report earnings on December, 8.
According to Zacks Investment Research, “LEE ENTERPRISES, INC. is a premier publisher of local news, information and advertising in primarily midsize markets, with 50 daily newspapers and a joint interest in four others, rapidly growing online sites and more than 300 weekly newspapers and specialty publications in 23 states. Lee’s newspapers have circulation of 1.6 million daily and 1.9 million Sunday, reaching more than four million readers daily. Lee’s online sites attract 12 million unique visitors monthly, and Lee’s weekly publications have distribution of more than 4.5 million households. Lee’s other newspaper markets include St. Louis, Mo.; Lincoln, Neb.; Madison, Wis.; Davenport, Iowa; Billings, Mont.; Bloomington, Ill.; and Tucson, Ariz.”
More notable recent Lee Enterprises, Incorporated (NYSE:LEE) news were published by: Seekingalpha.com which released: “Lee Enterprises: Fundamentals Are Deteriorating” on August 09, 2016, also Seekingalpha.com with their article: “Lee Enterprises – Disciplined Debt Reduction To Unlock Equity Value” published on August 30, 2016, Seekingalpha.com published: “Real Estate Could Be Lee Enterprises’ Savior” on February 27, 2016. More interesting news about Lee Enterprises, Incorporated (NYSE:LEE) were released by: Seekingalpha.com and their article: “Lee Enterprises selling Provo newspaper assets” published on August 22, 2016 as well as Seekingalpha.com‘s news article titled: “Lee Enterprises: High Risk And Very High Potential Return” with publication date: October 01, 2015.
LEE Company Profile
Lee Enterprises, Incorporated, incorporated on September 22, 1950, is a well-known provider of local news and information, and a platform for advertising. The Company’s products include approximately 50 daily and approximately 38 Sunday newspapers with print and digital subscribers. The Firm offers approximately 300 weekly newspapers, and classified and niche publications. It also offers a range of digital products, including video, digital couponing, behavioral targeting, audience retargeting, banner ads and social networking. The Firm provides digital marketing services to small and midsized businesses (SMBs), including search engine marketing (SEM), social media, audience extension, business profiles, and Website hosting and design. It offers paid and unpaid print and digital platforms.
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