New York Times Company Stock Plunges 15 Percent in One Week

NYT Co. stock took another nosedive today, dropping 2.73 percent to $12.85. That means in the last week, Times Company stock has fallen $2.21, or 15 percent.

The big hit came after Craig Huber, an analyst at Lehman Brothers, wrote to investors last week: “We continue to think the board and management would think long and hard about selling assets and repurchasing shares again until it gets a much better handle on where the fundamentals of the newspaper industry are going.”

New York Times Company Stock Plunges 15 Percent in One Week