TrueBlue Stock Soars 18% on Positive Earnings Surprise

Generated by AI AgentAinvest Movers Radar
Monday, Mar 31, 2025 4:51 am ET1min read

On March 31, 2025, TrueBlue's stock price was reported at $10.20 in pre-market trading.

TrueBlue has recently been in the spotlight due to several significant developments. The company's stock has seen notable changes in institutional holdings, with

Investment Management Inc. reducing its stake by 1.8% during the fourth quarter. This move comes as other institutional investors have also adjusted their positions in the company, reflecting a dynamic investment landscape.

Additionally, TrueBlue's earnings report for the quarter ending March 27, 2025, showed an earnings per share (EPS) of -$0.43, which exceeded analysts' expectations of -$0.48. This positive surprise has likely contributed to investor confidence in the company's financial performance. Analysts are projecting an EPS of -1.57 for the current fiscal year, indicating a cautious yet optimistic outlook.

Insider transactions have also been a point of interest, with Director Nina S. Kjellson selling 7,779 shares at an average price of $16.29. This transaction, along with other insider sales, has reduced their ownership by 1.71%. Such movements can signal insiders' views on the company's future prospects and may influence market sentiment.

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