The stock of tronc Inc (NASDAQ:TRNC) hit a new 52-week high and has $27.65 target or 58.00% above today’s $17.50 share price. The 7 months bullish chart indicates low risk for the $655.49M company. The 1-year high was reported on Oct, 3 by Barchart.com. If the $27.65 price target is reached, the company will be worth $380.18 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 647,794 shares traded hands or 279.04% up from the average. tronc Inc (NASDAQ:TRNC) has risen 101.19% since February 29, 2016 and is uptrending. It has outperformed by 88.98% the S&P500.
Analysts await tronc Inc (NASDAQ:TRNC) to report earnings on November, 3.
According to Zacks Investment Research, “Tronc, Inc. is a media company. The Company offers sports, entertainment, business, real estate and travel news and information primarily in the United States. Its portfolio of news and information brands includes daily and weekly titles, digital properties and verticals in markets. Tronc, Inc., formerly known as Tribune Publishing Company, is based in CHICAGO, United States.”
More notable recent tronc Inc (NASDAQ:TRNC) news were published by: Seekingalpha.com which released: “Report: Gannett deal for Tronc could arrive this morning” on October 03, 2016, also Wsj.com with their article: “Tribune Publishing Just Changed Its Name to ‘tronc'” published on June 02, 2016, Businesswire.com published: “tronc, Inc. Schedules Second Quarter 2016 Earnings on August 3, 2016” on July 26, 2016. More interesting news about tronc Inc (NASDAQ:TRNC) were released by: Businesswire.com and their article: “tronc, Inc. Raises Full Year Revenue and Adjusted EBITDA Guidance” published on August 03, 2016 as well as Marketwatch.com‘s news article titled: “Gannett deal to buy Tronc could come as soon as Monday morning: report” with publication date: October 03, 2016.
TRNC Company Profile
tronc, Inc., formerly Tribune Publishing Company, incorporated on November 21, 2013, is a content curation and monetization firm 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. The Company’s brands are sources of local news and information across all platforms, including print, online, mobile and social, in the markets they serve.
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