Business

Stock News in Focus: Tribune Publishing Company (NASDAQ:TPCO)

Tribune Publishing Company (NASDAQ:TPCO) stock observed trading -8.80% off 52-week high price. On the other end, the stock has been noted 80.57% away from low price over the last 52-weeks. The stock disclosed a move of -0.89% away from 50 day moving average and 32.55% away from 200 day moving average. Moving closer, we can see that shares have been trading -2.01% off 20-day moving average. It has market cap of $466.92M and dividend yield of 7.91%.

On Feb. 3, 2020, Tribune Publishing Company (NASDAQ:TPCO) one of the nation’s leading media companies, revealed a leadership transition plan that will continue a strategic effort to streamline the company’s operations and position it for the future. The changes became effective January 31, 2020.

  • Terry Jimenez, the company’s Executive Vice President and Chief Financial Officer, has assumed the role of President and Chief Executive Officer and joined the Board, succeeding Timothy P. Knight, who has stepped down from the Board and will leave the company at the end of February.
  • Philip G. Franklin, Chairman of the Tribune Board’s Audit Committee, has been appointed Non-Executive Chairman of the Board, succeeding David Dreier, who stepped down as Non-Executive Chairman but will remain on the Board.
  • Mike Lavey, current Controller and Chief Accounting Officer, has been named interim Chief Financial Officer.

These changes are a natural transition as Tribune Publishing works to reduce its corporate and back-office costs and streamline its real estate footprint, Mr. Dreier said. Phil and Terry both have strong financial and operational backgrounds, which are extraordinarily valuable.

 The USA based company Tribune Publishing Company moved with change of 0.64% to $12.64 with the total traded volume of 83495 shares in recent session versus to an average volume of 136.17K. The stock was observed in the 5 days activity at -2.84%. The one month performance of stock was -2.24%. TPCO’s shares are at 41.07% for the quarter and driving a 28.24% return over the course of the past year and is now at -3.95% since this point in 2018.  Right now the stock beta is 1.64. The average volatility for the week and month was at 3.49% and 2.43% respectively. There are 36.94M shares outstanding and 24.32M shares are floated in market.

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