Will Tribune Media Company (TRCO) Short Squeeze Soon?

July 16, 2018 - By Vernon Prom

The stock of Tribune Media Company (NYSE:TRCO) hit a new 52-week low and has $31.08 target or 5.00 % below today’s $32.72 share price. The 9 months bearish chart indicates high risk for the $2.87 billion company. The 1-year low was reported on Jul, 16 by Barchart.com. If the $31.08 price target is reached, the company will be worth $143.35 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 15.15% or $5.84 during the last trading session, reaching $32.72. About 8.81M shares traded or 878.99% up from the average. Tribune Media Company (NYSE:TRCO) has declined 6.67% since July 16, 2017 and is downtrending. It has underperformed by 19.24% the S&P500.

Analysts await Tribune Media Company (NYSE:TRCO) to report earnings on August, 8. They expect $0.59 earnings per share, up 63.89 % or $0.23 from last year’s $0.36 per share. TRCO’s profit will be $51.70M for 13.86 P/E if the $0.59 EPS becomes a reality. After $0.51 actual earnings per share reported by Tribune Media Company for the previous quarter, Wall Street now forecasts 15.69 % EPS growth.

More important recent Tribune Media Company (NYSE:TRCO) news were published by: Streetinsider.com which released: “FCC Chair Pai Has Concerns About Sinclair (SBGI)/Tribune (TRCO) Transaction” on July 16, 2018, also Nasdaq.com published article titled: “Why Sinclair Broadcast Group Stock Gained 17.3% in June”, Streetinsider.com published: “FCC Chair Pai Cites Serious Concerns About Sinclair Broadcast Group (SBGI), Tribune Media (TRCO) Merger …” on July 16, 2018. More interesting news about Tribune Media Company (NYSE:TRCO) was released by: Streetinsider.com and their article: “FCC has enough votes for Sinclair draft order: official” with publication date: July 16, 2018.

Tribune Media Company, through its subsidiaries, operates as a media and entertainment firm in the United States. The company has market cap of $2.87 billion. It offers news, entertainment, and sports programming through Tribune Broadcasting local television stations, including FOX television affiliates, CW Network, LLC television affiliates, CBS television affiliates, ABC television affiliates, NBC television affiliates, and independent television stations; and television series and movies on WGN America, a national general entertainment cable network. It has a 6.87 P/E ratio. The firm also operates Antenna TV and THIS TV, a digital multicast networks; Tribune Studios, a development and production studio; Screener, an entertainment Website; and WGN 720 AM, a radio station in Chicago.

Tribune Media Company (NYSE:TRCO) Institutional Positions Chart

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