Tribune Media Company (TRCO) : The bears are holding on to their shorts in Accenture Plc with 5 more days remaining for them to cover their positions. The bearish positions have increased from 2,209,828 on Jul 29, 2016, to 2,726,200, on August 15, 2016. Daily, 573,843 shares are traded, which shows the high interest of the traders in the stock. The net addition of short open interest is 516,372 shares, which is an increase of just 23.4%. The total short interest of 3% of the float indicates that there arent many bears on this stock at the current prices. The short interest information was released on Wednesday Aug 24th after the market close.
Tribune Media Company (NYSE:TRCO): The stock opened at $38.80 on Wednesday but the bulls could not build on the opening and the stock topped out at $39.03 for the day. The stock traded down to $38.47 during the day, due to lack of any buying support eventually closed down at $38.60 with a loss of -0.85% for the day. The stock had closed at $38.93 on the previous day. The total traded volume was 270,220 shares.
In a related news,The officer (Pres. and Gen. Mgr., WGN Amer.) of Tribune Media Co, Cherniss Matthew sold 11,705 shares at $38.92 on August 11, 2016. The Insider selling transaction had a total value worth of $455,559. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.