Tribune Publishing Co. (TRNC) Hits New 1-Year High at $16.00
Tribune Publishing Co. (NASDAQ:TRNC) shares hit a new 52-week high during trading on Monday . The stock traded as high as $16.00 and last traded at $15.91, with a volume of 43,702 shares changing hands. The stock had previously closed at $15.82.
Separately, Noble Financial initiated coverage on shares of Tribune Publishing in a report on Tuesday. They issued a “buy” rating and a $21.00 price target for the company.
The stock has a 50 day moving average price of $14.86 and a 200-day moving average price of $11.30. The company’s market capitalization is $589.16 million.
Tribune Publishing (NASDAQ:TRNC) last posted its earnings results on Wednesday, August 3rd. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The business had revenue of $405 million for the quarter, compared to analysts’ expectations of $402.81 million. On average, 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 bought 3,400 shares of the business’s stock in a transaction on Monday, June 13th. The shares were acquired at an average price of $12.93 per share, with a total value of $43,962.00. Following the transaction, the director now owns 410,057 shares of the company’s stock, valued at approximately $5,302,037.01. The purchase was disclosed in a document filed 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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