Calls Purchased on Gannett (GCI)

Shares of Gannett Inc.

are higher on the session by 0.34%, currently trading at $14.78. The stock has been trading largely lower over the past three months, but has regained the 200-day moving average as of late, which is a bullish sign. Options traders are buying calls on the name today. The July $16.00 call was purchased 1,900 times, on the offer, on open interest of 2,287 contracts. This suggests that a short call position was closed out on the name. Call volume is now running at 3x the daily average. Gannett Co., Inc. is an international media and marketing solutions company. The company publishes 83 daily United States newspapers, including USA TODAY, the daily print newspaper, and more than 650 magazines and other non-dailies, including USA WEEKEND. The company also operates 23 TV stations in 19 the United States markets and Captivate, which operates video screens in office elevators in urban markets.