Tribune Publishing Co. (TRNC) Sets New 52-Week High at $16.00
Tribune Publishing Co. (NASDAQ:TRNC)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $16.00 and last traded at $15.91, with a volume of 43,702 shares. The stock had previously closed at $15.82.
The stock has a 50-day moving average of $14.76 and a 200 day moving average of $11.14. The stock’s market cap is $577.51 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 the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The company had revenue of $405 million for the quarter, compared to analysts’ expectations of $402.81 million. On average, equities research analysts forecast that Tribune Publishing Co. will post $0.94 EPS for the current year.
In related news, Director Patrick Soon-Shiong acquired 3,400 shares of the stock in a transaction dated Monday, June 13th. The stock was bought at an average cost of $12.93 per share, with a total value of $43,962.00. Following the purchase, the director now directly owns 410,057 shares of the company’s stock, valued at $5,302,037.01. The transaction was disclosed in a filing with the SEC, which is available 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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