New York Times is trading at $79.31 (+12.45%) now after renewed attention to its copyright lawsuit against Microsoft and OpenAI.
- Newly unsealed statements reportedly challenged defendants’ fair-use defense; options activity surged around potential settlement or summary-judgment developments.
- Traders bought approximately 4,400 October call spreads tied to legal developments.
- No earnings release or new corporate announcement was identified for September 22, 2026. Guggenheim’s September 15 upgrade to Buy with an $82 target may support shares but does not fully explain the pre-market jump.