Tribune Publishing Co. (TRNC) Sees Unusually-High Trading Volume
Tribune Publishing Co. (NASDAQ:TRNC) shares saw unusually-high trading volume on Thursday . Approximately 332,939 shares changed hands during mid-day trading, an increase of 74% from the previous session’s volume of 191,091 shares.The stock last traded at $14.78 and had previously closed at $14.70.
The stock’s market cap is $468.13 million. The company’s 50-day moving average price is $13.59 and its 200 day moving average price is $10.14.
Tribune Publishing (NASDAQ:TRNC) last released its earnings results on Wednesday, May 4th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by $0.02. The company earned $398.20 million during the quarter, compared to analyst estimates of $395.51 million. The firm’s revenue was up .0% on a year-over-year basis. On average, equities research analysts predict that Tribune Publishing Co. will post $0.94 earnings per share for the current year.
In other news, Director Patrick Soon-Shiong acquired 3,400 shares of Tribune Publishing stock in a transaction on Monday, June 13th. The stock was purchased at an average price of $12.93 per share, with a total value of $43,962.00. Following the completion of the purchase, the director now owns 410,057 shares of the company’s stock, valued at approximately $5,302,037.01. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.
tronc, Inc, formerly Tribune Publishing Company, is a content curation and monetization company focused on creating and distributing content across all channels. The Company’s portfolio of news and information brands includes daily and weekly titles, digital properties and verticals in markets across the country.
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