Cenveo (CVO) Given Coverage Optimism Score of 0.04
News headlines about Cenveo (NYSE:CVO) have trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cenveo earned a media sentiment score of 0.04 on Accern’s scale. Accern also assigned news coverage about the business services provider an impact score of 46.1450013625128 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news articles that may have effected Accern’s scoring:
- TRADE SETUP : Dow inched up 14 pts, S&P 500 crawled up 0.1%, Nasdaq gained 0.6% (4-traders.com)
- Only 33.27% of Nasdaq-listed stocks remain above their 50-day moving average https://t.co/DbtpeQEBgE (4-traders.com)
- Please join us in welcoming @YogaWorks to the @nasdaq family! Congrats to the team! $YOGA ? (4-traders.com)
- Cenveo Publisher Services Announces Author Services 2.0 (finance.yahoo.com)
Separately, TheStreet downgraded Cenveo from a “c-” rating to a “d+” rating in a research report on Tuesday, May 16th.
Cenveo (NYSE:CVO) traded up 16.62% during mid-day trading on Tuesday, hitting $4.21. The stock had a trading volume of 85,243 shares. Cenveo has a 12 month low of $3.15 and a 12 month high of $8.55. The firm’s 50-day moving average is $5.49 and its 200 day moving average is $5.45.
In related news, major shareholder Nathu R. Puri purchased 25,000 shares of the business’s stock in a transaction dated Thursday, July 13th. The stock was purchased at an average cost of $6.07 per share, with a total value of $151,750.00. Following the completion of the acquisition, the insider now directly owns 1,035,000 shares of the company’s stock, valued at $6,282,450. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Nathu R. Puri purchased 10,000 shares of the business’s stock in a transaction dated Wednesday, July 12th. The stock was bought at an average cost of $6.02 per share, with a total value of $60,200.00. Following the completion of the acquisition, the insider now directly owns 1,035,000 shares of the company’s stock, valued at $6,230,700. The disclosure for this purchase can be found here. Insiders bought 162,244 shares of company stock valued at $952,909 over the last ninety days. Corporate insiders own 12.70% of the company’s stock.
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Cenveo, Inc is a diversified manufacturing company focused on print-related products. The Company’s portfolio of products includes envelope converting, commercial printing and label manufacturing. The Company operates through three segments: Envelope, Print and Label. The Company’s Envelope segment offers direct mail products used for customer solicitations and transactional envelopes used for billing and remittance by end users, including financial institutions, insurance companies and telecommunications companies.
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