Gannett Co GCI Stock News

Gannett Co Inc (NYSE: GCI) is heading up in the market this morning, trading on gains of more than 2%. With no news released by the company, many are wondering what’s causing the excitement.

At the moment, rumors are breaking that the company may soon be involved in a merger. Here’s the scoop:

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GCI Stock Gains On Rumors

The most recent news from Gannett Co came three days ago, when the company declared a quarterly dividend. While the news was positive, it’s not the likely reason that investors are starting to get excited this morning.

On message boards and in social media across the web, we’re starting to see rumors that GCI is close to reaching an agreement with Gatehouse Media. Gatehouse Media is a mass media company that falls right in line with Gannett.

According to the rumors, GCI and Gatehouse Media have been in talks for some time. The rumors suggest that those talks have reached advanced stages and that a deal will be coming soon.

While the rumors suggest that a deal is on the horizon, details of the deal are unknown. The only information involved in the rumor is that the talks are advanced and that a deal is likely soon.

Be Careful Trading Rumors

While I find it enjoyable to follow rumors and see what they do to the market, trading based on rumors can be a very risky move. The truth of the matter is that the most common way that the market is manipulated this day in age is by spreading rumors. Often times, these rumors prove to be invalid.

In this particular case, the rumor first appeared on Deal Reporter. Considering where the chatter is coming from, there’s a good chance that this is valid. Nonetheless, if you’re going to trade based on the chatter, please be sure to do so with caution.

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