New insider activity at New York Times ( (NYT) ) has taken place on February 19, 2025.
In a recent transaction, New York Times’ President & CEO, Meredith Kopit Levien, sold 19,869 shares of the company’s stock, amounting to a total value of $1,003,781.
Recent Updates on NYT stock
In the last 24 hours, New York Times (NYT) experienced a significant stock price drop of 12.7%, ending at $48.81. This decline follows recent adjustments by analysts, including Guggenheim and Morgan Stanley, who lowered their price targets due to concerns over slowing growth in core news subscribers, particularly surprising during a period that included the 2024 Presidential Election. Despite strong financial results and optimistic forecasts for digital subscription and advertising growth, these concerns about core news softness and print revenue declines have impacted investor sentiment. The New York Times reported robust digital growth and financial performance, with plans for share repurchases and dividend increases, yet challenges remain in navigating advertising in hard news topics. Overall, while strategic innovations and strong digital growth are promising, the stock’s recent performance reflects underlying market concerns.
More about New York Times
YTD Price Performance: -4.18%
Average Trading Volume: 1,587,676
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $8.16B