Meredith Corp (MDP) Drops 5.74% on January 07

Equities Staff  |

Meredith Corp (MDP) was one of the Russell 2000's biggest losers for Thursday January 07 as the stock slid 5.74% to $39.08, a loss of $-2.38 per share. Starting at an opening price of $41.89 a share, the stock traded between $39.01 and $41.89 over the course of the trading day. Volume was 288,695 shares over 2,952 trades, against an average daily volume of 494,797 shares and a total float of 44.63 million.

The losses send Meredith Corp down to a market cap of $1.74 billion. In the last year, Meredith Corp has traded between $57.22 and $38.80, and its 50-day SMA is currently $45.08 and 200-day SMA is $48.21.

The stock has a P/E Ratio of 15.9.

Meredith Corp is a diversified media company focused on the home and family marketplace. The Company operates two business segments: local media and national media.

Meredith Corp is based out of Des Moines, IA and has some 3,825 employees. Its CEO is Stephen M. Lacy.

For a complete fundamental analysis analysis of Meredith Corp, check out’s Stock Valuation Analysis report for MDP. To see the latest independent stock recommendations from’s analysts, visit our Research section.

The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

For more news on the financial markets, go to Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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