Cobalt International Energy, Inc. (NYSE:CIE) is down 10.39% today at $25.43. CIE has traded 4.5 million shares so far today, 1.5 million shares more than its daily average. Cobalt denied any wrongdoing in Angola this morning as shares continue to fall. A recent article from the Financial Times alleges that Angolan officials held hidden Cobalt shares. The company has a market cap of 10.01 billion.
Gannett Co., Inc. (NYSE:GCI) is down 7.58% this morning at $13.88. GCI has traded 4.2 million shares so far today, 200 thousand shares more than its daily average. GCI shares are down today after the company’s earnings fell 25%. The company has a market cap of 3.31 billion. [Read more...]