Tribune Publishing Co. (TRNC) Sees Strong Trading Volume
Tribune Publishing Co. (NASDAQ:TRNC) shares saw strong trading volume on Thursday . 332,939 shares were traded 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 company has a 50-day moving average price of $13.70 and a 200-day moving average price of $10.18. The company’s market cap is $480.16 million.
Tribune Publishing (NASDAQ:TRNC) last released its quarterly earnings results on Wednesday, May 4th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.25 by $0.02. The business earned $398.20 million during the quarter, compared to analysts’ expectations of $395.51 million. The business’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 EPS for the current year.
In other Tribune Publishing news, Director Patrick Soon-Shiong purchased 3,400 shares of the stock in a transaction on Monday, June 13th. The shares were purchased at an average price of $12.93 per share, with a total value of $43,962.00. Following the acquisition, the director now directly owns 410,057 shares in the company, valued at approximately $5,302,037.01. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
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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