Why The New York Times Stock Soared 31% So Far in 2020

Why The New York Times Stock Soared 31% So Far in 2020

The New York Times (NYSE: NYT) shareholders are trouncing the market this year. The stock dipped into negative territory during March's market swoon but has soared to a new 2020 high in recent weeks. Investors liked what they heard from the media giant in early February, when management revealed accelerating sales and profit growth thanks to strong uptake in its digital subscription products.