TrueBlue (TBI) Shares are Up 12.19%

TrueBlue (TBI) : Traders are bullish on TrueBlue (TBI) as it has outperformed the S&P 500 by a margin of 17.91% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 11.5%, 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 12.19% in the last 1 week, and is up 25.88% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

TrueBlue (NYSE:TBI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $22.78 and $22.60 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.13. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.01, notching a gain of 1.23% for the day. The total traded volume was 778,571 . The stock had closed at $22.73 on the previous day.


The stock has recorded a 20-day Moving Average of 16.94% and the 50-Day Moving Average is 18.12%. TrueBlue, Inc. is up 9.47% in the last 3-month period. Year-to-Date the stock performance stands at -10.68%.

TrueBlue, Inc. (TrueBlue), is a provider of specialized workforce solutions, helping clients improve growth and performance. The Company provides staffing, recruitment process outsourcing, and managed service provider solutions. The Company operates through two reportable segments, Staffing Services and Managed Services. The Company offers on-premise temporary blue-collar staffing together with outsourced service offerings in recruitment process outsourcing (RPO) and managed services provider (MSP) solutions. On-premise staffing is sourcing, screening, recruiting and management of the contingent labor workforce at a customers facility. RPO is high-volume sourcing, screening, and recruiting of permanent employees for all industries and jobs. MSP solutions manage its customers overall contingent labor program including vendor selection, vendor performance management, vendor compliance monitoring and risk management, and reducing vendor costs.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.