Somewhat Positive News Coverage Somewhat Unlikely to Affect General Communication (GNCMA) Stock Price

Press coverage about General Communication (NASDAQ:GNCMA) has been trending somewhat positive on Wednesday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. General Communication earned a coverage optimism score of 0.08 on Accern’s scale. Accern also gave news coverage about the utilities provider an impact score of 44.594740527754 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Several brokerages have recently commented on GNCMA. BidaskClub cut shares of General Communication from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. Drexel Hamilton upgraded shares of General Communication from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd.

Shares of General Communication (NASDAQ:GNCMA) opened at $40.94 on Wednesday. General Communication has a 1 year low of $17.50 and a 1 year high of $43.63. The company has a debt-to-equity ratio of -511.65, a quick ratio of 1.19 and a current ratio of 1.24. The company has a market cap of $1,480.00, a P/E ratio of -15.93 and a beta of 0.58.

In related news, EVP G Wilson Hughes sold 3,630 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $42.16, for a total transaction of $153,040.80. Following the completion of the transaction, the executive vice president now owns 654,925 shares in the company, valued at $27,611,638. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Peter Pounds sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $41.44, for a total transaction of $207,200.00. Following the transaction, the chief financial officer now owns 208,666 shares of the company’s stock, valued at approximately $8,647,119.04. The disclosure for this sale can be found here. In the last quarter, insiders have sold 56,130 shares of company stock valued at $2,267,859. 15.28% of the stock is owned by corporate insiders.

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About General Communication

General Communication, Inc is a holding company. The Company, together with its subsidiaries, is a communications provider with operations primarily in the State of Alaska. The Company provides a range of wireless, data, video, voice and managed services to residential customers, businesses, governmental entities, and educational and medical institutions primarily in Alaska under its GCI brand.

Insider Buying and Selling by Quarter for General Communication (NASDAQ:GNCMA)

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