Tribune Media Company (TRCO) : Traders are bullish on Tribune Media Company (TRCO) as it has outperformed the S&P 500 by a wide margin of 4.39% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.54%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.06% in the last 1 week, and is up 4.25% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.32% and the 50-Day Moving Average is 2.66%.The 200 Day SMA reached 8.16%. Tribune Media Company has dropped 0.27% during the last 3-month period . Year-to-Date the stock performance stands at 18.29%.
Tribune Media Company (NYSE:TRCO): After opening at $38.76, the stock dipped to an intraday low of $38.54 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $39.28 and the buying power remained strong till the end. The stock closed at $39.23 for the day, a gain of 1.68% for the day session. The total traded volume was 395,998. The stocks close on the previous trading day was $38.58.
Tribune Media Company is a diversified media and entertainment business. The Company consists of 42 television stations to which it provides certain services, along with a national general entertainment television network, a radio station, a production studio, a digital and data technology business, a portfolio of real estate assets and investments in a variety of media, Websites and other related assets. The Company operates in the following segments: Television and Entertainment, which provides audiences with news, entertainment and sports programming on Tribune Broadcasting local television stations, and television series and movies on WGN America, including through content produced by Tribune Studios and its production partners, and Digital and Data, which provides technology and services that collect and distribute video, music and entertainment data primarily through wholesale distribution channels to consumers across the world.