Tribune Publishing Co. (TRNC) Reaches New 1-Year High at $15.74
Tribune Publishing Co. (NASDAQ:TRNC) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $15.74 and last traded at $15.74, with a volume of 38,435 shares traded. The stock had previously closed at $15.51.
The stock has a 50 day moving average of $14.46 and a 200 day moving average of $10.90. The company’s market capitalization is $566.59 million.
Tribune Publishing (NASDAQ:TRNC) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. The company had revenue of $405 million for the quarter, compared to the consensus estimate of $402.81 million. Analysts forecast that Tribune Publishing Co. will post $0.94 EPS for the current fiscal year.
In other Tribune Publishing news, Director Patrick Soon-Shiong acquired 3,400 shares of the company’s stock in a transaction on Monday, June 13th. The stock was acquired at an average price of $12.93 per share, for a total transaction of $43,962.00. Following the acquisition, the director now 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 is accessible 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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