May 09, 2013 (Market movers via COMTEX) -- Up 1.4% to $9.53, The New York Times (NYSE:NYT), is one of today's notable movers. The Dow is trading fractionally lower to 15,101 and the S&P is currently trading fractionally lower to 1,629.
The New York Times (NYSE:NYT) defies analysts with a current price ($9.53) 8.2% above its average consensus price target of $8.75. The stock should discover initial support at its 50-day moving average (MA) of $9.49 and subsequent support at its 200-day MA of $9.02.
Over the past year, The New York Times has traded in a range of $5.91 to $11.07 and is now at $9.53, 61% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has remained constant.
The New York Times Company, a diversified media company, conducts operations in newspapers, magazines, television and radio stations, and electronic information and publishing. The Company's publications include The New York Times, The Boston Globe, and the International Herald Tribune.. New York Times also holds interests in a newsprint mill and a paper mill.
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