Dallas, Texas 07/12/2013 (Financialstrend) – Earlier this week, Lee Enterprises, Incorporated (NYSE:LEE) was ranked as top gainer in the stock market along with Prima Biomed, Ltd. (NASDAQ:PBMD), Progenics Pharmaceuticals, Inc. (NASDAQ:PGNX) and Enphase Energy, Inc. (NASDAQ:ENPH). During this week, various reports showed that the stock of Lee Enterprises was attracting the attention of a lot of research analysts, as one of the top gainers. The company provides local news, advertising and information in midsize markets, with specialty publications in 23 states, 300 weekly newspapers and 47 daily newspapers.
St. Louis Post-Dispatch, which provides specialty publications, daily newspapers and supports its related digital products, is the subsidiary of Pulitzer Inc. (Pulitzer), a company owned subsequently by Lee Enterprises, Incorporated (NYSE:LEE). Pulitzer and its subsidiaries provide news with 12 daily newspapers, shoppers and niche publications, 75 weekly newspapers and support the related digital products. The company with a primary focus on print and digital media related to publications and newspapers has started to decline in share price recently after remaining at higher levels and reaching the top gainers list in the past few weeks of trading.
Lee Enterprises, Incorporated (NYSE:LEE) closed at $2.68 on Thursday, recording a decline of 7.90% in its share price for the day. The stock price fluctuated from a low value of $2.61 to a high one of $2.97 per share. The company currently has a 52-week low of $1.10 and a 52-week high of $2.97 per share.
Lee Enterprises, Incorporated (NYSE:LEE) currently has 52.30 million outstanding shares in the market with institutional ownership of 31% of its total equity capital, along with a market capitalisation of $140.15 million. Trading volume stood at 1.68 million shares on Thursday, with an average one for Lee Enterprises, Incorporated (NYSE:LEE) at 3.84 million shares per day.