Tribune Publishing Co. (TRNC) Stock Price Up 2.1%
Tribune Publishing Co. (NASDAQ:TRNC)’s share price rose 2.1% on Thursday . The stock traded as high as $16.50 and last traded at $16.30, with a volume of 96,405 shares changing hands. The stock had previously closed at $15.97.
Separately, Noble Financial initiated coverage on shares of Tribune Publishing in a report on Tuesday. They set a “buy” rating and a $21.00 price objective on the stock.
The firm’s 50-day moving average is $15.12 and its 200 day moving average is $11.43. The company’s market cap is $613.19 million.
Tribune Publishing (NASDAQ:TRNC) last issued its earnings results on Wednesday, August 3rd. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The business earned $405 million during the quarter, compared to analysts’ expectations of $402.81 million. Equities research analysts forecast that Tribune Publishing Co. will post $0.13 EPS for the current fiscal year.
In other Tribune Publishing news, Director Patrick Soon-Shiong bought 3,400 shares of the firm’s stock in a transaction that occurred on Monday, June 13th. The shares were bought at an average price of $12.93 per share, for a total transaction of $43,962.00. Following the transaction, the director now directly owns 410,057 shares in the company, valued at $5,302,037.01. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
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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