Why The New York Times Stock Was Sinking This Week
NYTNew York Times(NYT) The Motley Fool·2024-02-10 03:50

Shares of The New York Times (NYT 1.05%) slipped by as much as 10% this week, according to data from S&P Global Market Intelligence. The largest newspaper company in the United States posted strong subscriber and earnings growth in the fourth quarter of 2023. It is also raising its dividend per share. However, these results were below investor expectations, which led the stock to fall in the days following the report. Let's take a look at why The New York Times stock is falling and whether it is a buy-the-d ...