The McClatchy Company Credit Rating Raised, Shares Up 8% (MNI)

Shares of The McClatchy Company MNI are trading up 8% at $4.99 per share during the Thursday afternoon trading session. The stock has been rising since Standard & Poor's Ratings Services raised the company's corporate credit rating on Wednesday. The day's trading range for shares of The McClatchy Company has been between $4.63 and $5.13 per share. Analysts covering The McClatchy Company (MNI) stock give it a consensus price target of $3.75 per share. Trading volume for The McClatchy Company has been heavy, with 2.1 million shares having been traded today, already more than double the daily average volume of 962,000 shares. The McClatchy Company is the third largest newspaper company in the United States, publishing 30 daily newspapers, 43 non-dailies, and direct marketing and direct mail operations. The McClatchy Company also operates leading local websites in each of its markets which extend its audience reach. Read more from Benzinga's Company news.