Media coverage about Tuesday Morning (NASDAQ:TUES) has been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than 6,000 blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Tuesday Morning earned a coverage optimism score of 0.60 on their scale. InfoTrie also assigned news articles about the company an news buzz score of 6 out of 10, meaning that recent press coverage is somewhat likely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have effected Tuesday Morning’s ranking:
- Is Tuesday Morning Corporation (NASDAQ:TUES) Overpaying Its CEO? (finance.yahoo.com)
- His truck plummeted 50 feet over the side of an I-95 overpass on Tuesday. He survived (islandpacket.com)
- Spokane Co. inmate dies early Tuesday morning; ninth death since June 2017 (krem.com)
- Indianapolis airport to hold an emergency exercise Tuesday morning (theindychannel.com)
- Woman killed in early morning Modesto shooting identified (abc10.com)
TUES stock traded down $0.02 on Thursday, reaching $1.51. 218,945 shares of the company were exchanged, compared to its average volume of 463,474. Tuesday Morning has a 12 month low of $1.46 and a 12 month high of $3.55. The firm has a market capitalization of $70.53 million, a P/E ratio of 3.02 and a beta of 1.73. The company has a current ratio of 2.00, a quick ratio of 0.16 and a debt-to-equity ratio of 0.19.
TUES has been the topic of a number of research reports. B. Riley lowered shares of Tuesday Morning from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $3.00 to $2.40 in a research report on Thursday, April 11th. Zacks Investment Research lowered shares of Tuesday Morning from a “hold” rating to a “sell” rating in a research report on Thursday, May 9th. Lake Street Capital initiated coverage on shares of Tuesday Morning in a research report on Friday, June 7th. They set a “buy” rating and a $4.00 target price on the stock. Finally, ValuEngine lowered shares of Tuesday Morning from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th.
In other news, CEO Steven R. Becker bought 180,100 shares of Tuesday Morning stock in a transaction dated Thursday, May 9th. The shares were bought at an average price of $1.74 per share, for a total transaction of $313,374.00. Following the purchase, the chief executive officer now owns 1,571,295 shares of the company’s stock, valued at $2,734,053.30. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Steven R. Becker bought 25,000 shares of Tuesday Morning stock in a transaction dated Friday, May 24th. The stock was purchased at an average price of $1.62 per share, for a total transaction of $40,500.00. Following the purchase, the chief executive officer now directly owns 1,611,295 shares in the company, valued at approximately $2,610,297.90. The disclosure for this purchase can be found here. Insiders bought a total of 259,130 shares of company stock worth $435,859 in the last 90 days. 7.00% of the stock is owned by corporate insiders.
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About Tuesday Morning
Tuesday Morning Corporation operates as an off-price retailer in the United States. The company offers various products, such as upscale home textiles, home furnishings, housewares, gourmet food products, toys, and seasonal décor products. As of September 30, 2018, it operated approximately 719 stores in 40 states.
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