The New York Times Shares Sinking Lower, Down 1.7%

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Dec 03, 2012 (Market movers via COMTEX) -- The New York Times (NYSE:NYT) is one of today's biggest movers, down 1.7% to $7.97. The Dow Jones Industrial Average is now trading 13,026 and the S&P is trading 1,416.

The New York Times (NYSE:NYT) has potential upside of 20.5% based on a current price of $7.97 and analysts' consensus price target of $9.60. The stock should find resistance at its 50-day moving average (MA) of $9.66, as well as support at its 200-day MA of $7.74.

The New York Times share prices have moved between a 52-week high of $11.07 and a 52-week low of $5.88 and are now trading 36% above that low price at $7.97 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.4%.

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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Copyright, Comtex News Network, Inc. 2012

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