Tribune Publishing Co. (TRNC) Sees Strong Trading Volume
Shares of Tribune Publishing Co. (NASDAQ:TRNC) saw an uptick in trading volume on Thursday . 244,119 shares were traded 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 has a 50-day moving average price of $14.63 and a 200 day moving average price of $11.06. The firm’s market capitalization is $580.79 million.
Tribune Publishing (NASDAQ:TRNC) last issued its quarterly earnings results 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 business earned $405 million during the quarter, compared to analyst estimates of $402.81 million. On average, equities research analysts anticipate 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 purchased 3,400 shares of the stock in a transaction dated Monday, June 13th. The shares were bought at an average cost of $12.93 per share, with a total value of $43,962.00. Following the completion of the transaction, the director now owns 410,057 shares in the company, valued at approximately $5,302,037.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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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