McClatchy Co (NYSE:MNI) was a relative outperformer during the trading session. The stock rallied by close to 1% on high volumes, which were 3.5 times the daily average. The stock has formed a bullish engulfing pattern on the daily charts indicative of the strong buy-side momentum at the current moment. The stock currently trades above all daily moving averages. The indicator for relative strength has given a fresh buy signal indicative of strong buying interest. The MACD oscillator has given a buy signal, which is considered to be bullish. Investors believe the stock could head to levels of $1.84 in the near term.
In a recent statement, McClatchy Co (NYSE:MNI) announced that Cheryl Carpenter would become the new Washington Bureau Chief. Carpenter previously worked as the Managing Editor of Charlotte Observer.
Insights On The Matter
Carpenter, age 58, is one of the most sought after personalities in this industry. She joined Charlotte Observer back in 1983 and worked at every key position, including managing editor, state editor, front-page editor, business editor and assistant managing editor. Her appointment as the new Washington Bureau Chief was announced during a Bureau staff meeting. She will replace Jim Asher, who has decided to quit from his position after five years to join the Injustice Project.
The senior management of McClatchy Washington is delighted to announce this news and hopes that Cheryl will lead the company to newer heights. According to company’s CEO, Pat Talamantes, it’s rare to find talents like Cheryl and Asher, and Washington Post’s privileged to work with them.
As Asher decides to move on in his career, the Washington Bureau wishes him all the best in his future endeavors, and at the same time welcomes Cheryl in the organization. The management team hopes that she will write new success story and take the company along with her to newer success ladders.
Throughout her career, Carpenter has shown great enthusiasm for public service journalism and aggressive local coverage. Work covered, written and edited by her has been nominated for renowned Pulitzer Prize three times – 1995 and 2008 in public service, and 2013 in local reporting. She was a part of Pulitzer Prize judging panel once and 2004 Harvard University Neiman Fellow.
When Carpenter was asked about her appointment at Washington Bureau, she said that she was honored to join the prestigious organization as Washington Bureau.
Carpenter has done Masters from Queens University and Bachelors In Journalism from the prestigious University of North Carolina at Chapel Hill.