Lee Enterprises (LEE) in Focus: Stock Jumps 5.4% in Session

Zacks Equity Research
Updated

Lee Enterprises, Incorporated LEE was a big mover last session, as the company saw its shares rise over 5% on the day. Shares gained after the company announced that it has entered into an agreement to sell its newspaper and digital media operations in Provo, UT to Ogden Newspapers of Utah, LLC, including the Daily Herald and heraldextra.com. The news led to far more shares changing hands than in a normal session resulting in solid volume. This continues the recent uptrend for the company as the stock is now up 56.6% since Aug 3.

The company has seen one positive revision in the past one month, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for this stock. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Lee Enterprises currently carries a Zacks Rank #2 (Buy).

LEE ENTRPRS Price

LEE ENTRPRS Price | LEE ENTRPRS Quote

An equally ranked stock in the same industry is A. H. Belo Corporation AHC.

Is LEE going up? Or down? Predict to see what others think: Up or Down

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