Market Overview

NY Times Catches Eye: Stock Gained 8.7% In Session

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The New York Times Company NYT was a big mover last session, as its shares rose over 8% on the day. The move came after the company delivered a second-quarter net profit of $15.6 million, or 9 cents a share, after a loss of $211,000, or breakeven on a per-share basis, in the same period a year ago. This led to too far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up over 10% in the past one-month time frame.

None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

NY Times currently carries a Zacks Rank #3 (Hold).

A better-ranked stock from the broader Consumer Staples space is Unilever PLC UL, sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.

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

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Unilever PLC (NYSE: UL): Free Stock Analysis Report
 
New York Times Company (The) (NYSE: NYT): Free Stock Analysis Report
 
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The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

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