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Lee Enterprises rings opening bell on Nasdaq
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QUAD-CITY TIMES
Lee Enterprises President and CEO Kevin Mowbray rang the Nasdaq Stock Market opening bell in a virtual ceremony on Tuesday.
The company stock began trading on the Nasdaq Global Select Market Monday, where it closed at $29.63 a share, up 3.96%. The company shares continue to be traded under the LEE symbol, as they did on the New York Stock Exchange.
Lee is the parent company of the Herald & Review.Â
Mowbray said the move will not impact Lee s stock price or value, but will enhance the company s visibility as a leading digital news and information provider.
âWeâre thrilled to have Nasdaq as our new exchange partner. We look forward to leveraging their unique solutions to connect with the investor community as we execute our three-pillar strategy to drive annualized recurring revenue growth and value for readers, users, advertisers, and shareholders, Mowbray said in a news release Monday.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Lee Enterprises Lists and Begins Trading on Nasdaq
Lee Enterprises Inc.April 19, 2021 GMT
DAVENPORT, Iowa, April 19, 2021 (GLOBE NEWSWIRE) Lee Enterprises, Incorporated (NASDAQ: LEE), a major subscription and advertising platform and a leading provider of high quality, trusted, local news and information in 77 markets, today announced that it has completed the transfer of its stock exchange listing to the Nasdaq Global Select Market. Effective today, Lee has commenced trading as a Nasdaq-listed security under the symbol “LEE.”
“Today is an important milestone as we embark on the next chapter of Lee’s growth alongside some of the world’s most innovative and pioneering technology leaders,” said Kevin Mowbray, President and Chief Executive Officer. “As we accelerate our digital transformation, we believe this move enhances our visibility as a leading digital news and infor