DallasNews (DALN) stock surged on Thursday after the news media company announced a merger agreement with Hearst, a leading information, services, and media company in the U.S. This will have Hearst acquire DallasNews, making it a private company.
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Hearst will pay $14 per share for DALN stock, a 219% premium over its prior closing price. The merger has the unanimous support of the companies’ Boards of Directors and is expected to close in the third or fourth quarter of 2025.
DALN stock was up 209.11% during pre-market trading on Thursday, following a 2.66% fall yesterday. Investors will note that DallasNews stock has decreased 40.92% year-to-date but remained up 35.49% over the past 12 months. Today’s news came with heavy trading, as some 2.4 million shares traded, compared to a three-month daily average of about 31,000 units.
Is DallasNews Stock a Buy, Sell, or Hold?
Turning to Wall Street, there’s not much coverage of DallasNews. However, TipRanks’ AI analyst Spark has the stock covered. Spark rates DALN shares a Neutral (58) with a $4.50 price target, suggesting a 2.51% upside. It cites “substantial financial struggles, with weak financial performance and neutral technical indicators as significant detractors” as reasons for this stance.
