Tribune Publishing Co. (TRNC) Sees Large Volume Increase
Shares of Tribune Publishing Co. (NASDAQ:TRNC) saw unusually-high trading volume on Thursday . Approximately 244,119 shares traded hands during mid-day trading, an increase of 72% from the previous session’s volume of 142,310 shares.The stock last traded at $15.34 and had previously closed at $15.28.
The stock’s market cap is $576.05 million. The firm’s 50 day moving average is $14.76 and its 200-day moving average is $11.14.
Tribune Publishing (NASDAQ:TRNC) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.35 EPS for the quarter, beating 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. Equities analysts anticipate that Tribune Publishing Co. will post $0.94 earnings per share for the current year.
In related 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, with a total value of $43,962.00. Following the acquisition, the director now directly owns 410,057 shares of the company’s stock, valued at $5,302,037.01. The purchase 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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