Somewhat Favorable Media Coverage Somewhat Unlikely to Impact BlueLinx (BXC) Share Price
News coverage about BlueLinx (NYSE:BXC) has trended somewhat positive recently, according to Accern. The research group ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. BlueLinx earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave media headlines about the construction company an impact score of 45.0035355855058 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
A number of research analysts recently commented on the company. TheStreet upgraded BlueLinx from a “d” rating to a “c” rating in a research note on Wednesday, October 11th. ValuEngine downgraded BlueLinx from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd.
BlueLinx (NYSE BXC) opened at $11.27 on Friday. The company has a market capitalization of $102.54, a price-to-earnings ratio of 5.19 and a beta of 2.29. The company has a debt-to-equity ratio of -13.52, a quick ratio of 1.02 and a current ratio of 2.06. BlueLinx has a 52 week low of $6.36 and a 52 week high of $11.78.
In related news, Director J David Smith acquired 4,000 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was purchased at an average cost of $9.38 per share, for a total transaction of $37,520.00. Following the purchase, the director now directly owns 4,000 shares in the company, valued at $37,520. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Shyam K. Reddy acquired 3,500 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were bought at an average price of $8.57 per share, with a total value of $29,995.00. Following the completion of the purchase, the chief accounting officer now owns 10,164 shares in the company, valued at $87,105.48. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 16,900 shares of company stock valued at $149,940. 2.29% of the stock is owned by company insiders.
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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