Tribune Publishing Co. (TRNC) Sets New 52-Week High at $17.80
Tribune Publishing Co. (NASDAQ:TRNC) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $17.80 and last traded at $16.98, with a volume of 197,619 shares changing hands. The stock had previously closed at $16.84.
Separately, Noble Financial began coverage on shares of Tribune Publishing in a research note on Tuesday, August 23rd. They issued a “buy” rating and a $21.00 price objective for the company.
The firm’s market capitalization is $619.75 million. The stock’s 50 day moving average is $15.30 and its 200-day moving average is $11.67.
Tribune Publishing (NASDAQ:TRNC) last issued its earnings results on Wednesday, August 3rd. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The firm earned $405 million during the quarter, compared to the consensus estimate of $402.81 million. On average, equities research analysts forecast that Tribune Publishing Co. will post $0.13 earnings per share for the current year.
In other news, Director Patrick Soon-Shiong bought 3,400 shares of the stock in a transaction on Monday, June 13th. The stock was purchased at an average price of $12.93 per share, with a total value of $43,962.00. Following the completion of the purchase, the director now owns 410,057 shares of the company’s stock, valued at $5,302,037.01. The purchase was disclosed in a filing 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.