Tribune Publishing Co. (TRNC) Hits New 12-Month High at $15.45
Tribune Publishing Co. (NASDAQ:TRNC) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $15.45 and last traded at $15.12, with a volume of 52,180 shares trading hands. The stock had previously closed at $15.40.
The firm’s market cap is $548.02 million. The stock’s 50-day moving average price is $14.38 and its 200-day moving average price is $10.82.
Tribune Publishing (NASDAQ:TRNC) last posted its earnings results on Wednesday, August 3rd. The company reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.01. The firm had revenue of $405 million for the quarter, compared to analyst estimates of $402.81 million. Analysts anticipate that Tribune Publishing Co. will post $0.94 earnings per share for the current year.
In other news, Director Patrick Soon-Shiong bought 3,400 shares of the company’s stock in a transaction dated Monday, June 13th. The stock was bought at an average price of $12.93 per share, with a total value of $43,962.00. Following the completion of the acquisition, the director now owns 410,057 shares of the company’s stock, valued at $5,302,037.01. The acquisition was disclosed in a legal filing with the SEC, which is available at 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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