Tribune Publishing Co. (TRNC) Hits New 1-Year High at $15.74
Shares of Tribune Publishing Co. (NASDAQ:TRNC) reached a new 52-week high during trading on Monday . The company 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 company has a 50 day moving average price of $14.57 and a 200-day moving average price of $11.03. The firm’s market cap is $560.03 million.
Tribune Publishing (NASDAQ:TRNC) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The business earned $405 million during the quarter, compared to analyst estimates of $402.81 million. Analysts predict that Tribune Publishing Co. will post $0.94 earnings per share 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 dated Monday, June 13th. The stock was bought at an average price of $12.93 per share, for a total transaction of $43,962.00. Following the purchase, the director now owns 410,057 shares in the company, valued at approximately $5,302,037.01. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
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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