Stock | NYT and GCI shares hit new highs

Shares of Gannett and the New York Times Co. traded at new 52-weeks highs in early trading today after upgrades by Wells Fargo securities. In recent trading:

• NYT jumped nearly 12%, to $11.64, after touching $11.99 earlier this morning, a new 52-week high.
• GCI rose nearly 7%, to $15.39, after running as high as $15.49 a share -- also a new 52-week high.

"Wells Fargo Securities analyst John Janedis lifted his rating on the sector," MarketWatch says in a new story, "citing a faster improvement in advertising sales than expected. Janedis also upgraded Gannett Co. to outperform from underperform and New York Times Co. to market perform from underperform."

Reuters has moved a story on the rally, too.

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