BlueLinx (BXC) Earning Somewhat Favorable Media Coverage, Study Finds
News stories about BlueLinx (NYSE:BXC) have trended somewhat positive on Friday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. BlueLinx earned a coverage optimism score of 0.06 on Accern’s scale. Accern also gave press coverage about the construction company an impact score of 44.1619258427052 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
BXC has been the subject of several analyst reports. ValuEngine upgraded BlueLinx from a “hold” rating to a “buy” rating in a report on Friday, September 15th. TheStreet upgraded BlueLinx from a “d” rating to a “c” rating in a report on Wednesday, October 11th.
BlueLinx (NYSE BXC) opened at $9.89 on Friday. BlueLinx has a 1-year low of $6.36 and a 1-year high of $11.78. The company has a current ratio of 2.06, a quick ratio of 1.02 and a debt-to-equity ratio of -13.52. The company has a market capitalization of $89.53, a PE ratio of 8.20 and a beta of 2.27.
In other BlueLinx news, CFO Susan C. O’farrell purchased 3,000 shares of BlueLinx stock in a transaction that occurred on Monday, November 13th. The stock was acquired at an average price of $8.68 per share, for a total transaction of $26,040.00. Following the completion of the acquisition, the chief financial officer now owns 22,952 shares of the company’s stock, valued at approximately $199,223.36. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director J David Smith purchased 4,000 shares of BlueLinx stock in a transaction that occurred on Friday, November 3rd. The shares were acquired at an average price of $9.38 per share, with a total value of $37,520.00. Following the acquisition, the director now directly owns 4,000 shares of the company’s stock, valued at approximately $37,520. The disclosure for this purchase can be found here. Insiders have purchased 16,900 shares of company stock valued at $149,940 in the last quarter. 2.29% of the stock is currently owned by corporate insiders.
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BlueLinx Holdings, Inc is a distributor of building products in North America. The Company operates its distribution business through a network of approximately 40 distribution centers. It serves metropolitan areas in the United States and delivers building products to a range of wholesale and retail customers.
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