Tribune Publishing Co. (TRNC) Hits New 52-Week High at $15.45
Tribune Publishing Co. (NASDAQ:TRNC)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $15.45 and last traded at $15.12, with a volume of 52,180 shares changing hands. The stock had previously closed at $15.40.
The company’s 50-day moving average is $14.32 and its 200-day moving average is $10.74. The firm’s market capitalization is $493.95 million.
Tribune Publishing (NASDAQ:TRNC) last posted its earnings results on Wednesday, August 3rd. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. The business earned $405 million during the quarter, compared to analyst estimates of $402.81 million. Equities research analysts predict that Tribune Publishing Co. will post $0.94 EPS for the current fiscal year.
In other Tribune Publishing news, Director Patrick Soon-Shiong bought 3,400 shares of the stock in a transaction that occurred on Monday, June 13th. The shares were purchased at an average cost of $12.93 per share, for a total transaction of $43,962.00. Following the transaction, the director now directly owns 410,057 shares in the company, valued at $5,302,037.01. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.