Large Outflow of Money Witnessed in Tribune Media Company

Tribune Media Company (TRCO) traded higher in the last at $29.06, gaining 0.22 points or 0.76%. From the data available, it can be said that the stock did not make an impact in the money flow department with the net figure coming to be $(-7.03) million. The composite uptick value of $5.13 million was eclipsed by the accrued downtick value of $12.17 million, thereby ensuring the up/down ratio of 0.42. For the week, the shares have posted returns of 2.25%.A block trade registered during the day has revealed $0.8 million in upticks and $8.55 million in downticks. The up/down ratio in this case turned out to be 0.09. The net money flow for the block trade was $(-7.75) million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of Tribune Media Company appreciated by 0.59% during the last five trading days but lost 1.05% on a 4-week basis. Tribune Media Company is up 6.92% in the last 3-month period. Year-to-Date the stock performance stands at -1.05%. Tribune Media Company (NYSE:TRCO) rose 0.76% or 0.22 points on Wednesday and made its way into the gainers of the day. After trading began at $28.95 the stock was seen hitting $29.18 as a peak level and $28.36 as the lowest level. The stock ended up at $29.06. The daily volume was measured at 1,196,235 shares. The 52-week high of the share price is $40.724 and the 52-week low is $26.1. The company has a market cap of $2,540 million.

Company has reported several Insider transactions to the SEC, on Aug 15, 2016, Matthew Cherniss (Pres. and Gen. Mgr., WGN Amer.) sold 11,705 shares at 38.92 per share price.On Mar 7, 2016, Melanie Hughes (EVP, Human Resources) sold 7,298 shares at 39.15 per share price.

Tribune Media Co Last issued its quarterly earnings results on Nov 9, 2016. The company reported $0.48 EPS for the quarter, missing the analyst consensus estimate by $ -0.04. Analyst had a consensus of $0.52. The company had revenue of $518.07 million for the quarter, compared to analysts expectations of $548.87 million. The companys revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.

Tribune Media Company is engaged in broadcast distribution, digital properties and data businesses. The company provides Antenna TV, THIS TV, radio station, music and video content and technologies. It also owns and manages real estate properties. Tribune Media Company, formerly known as Tribune Company, is based in Chicago, Illinois.

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