Cenveo (CVO) Earns Coverage Optimism Rating of 0.08
Press coverage about Cenveo (NYSE:CVO) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Cenveo earned a news sentiment score of 0.08 on Accern’s scale. Accern also gave news articles about the business services provider an impact score of 45.300052269403 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Cenveo (CVO) opened at 4.03 on Thursday. The stock’s 50 day moving average is $4.22 and its 200-day moving average is $5.07. The firm’s market cap is $34.58 million. Cenveo has a 12 month low of $3.15 and a 12 month high of $8.50.
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In related news, Director Gerald S. Armstrong bought 10,000 shares of Cenveo stock in a transaction that occurred on Tuesday, August 29th. The stock was acquired at an average price of $4.02 per share, with a total value of $40,200.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Robert G. Sr Burton, Sr. bought 53,855 shares of Cenveo stock in a transaction that occurred on Tuesday, August 15th. The shares were bought at an average cost of $3.70 per share, with a total value of $199,263.50. Following the acquisition, the chairman now directly owns 834,597 shares in the company, valued at approximately $3,088,008.90. The disclosure for this purchase can be found here. In the last three months, insiders bought 125,695 shares of company stock valued at $561,115. Insiders own 12.70% of the company’s stock.
Cenveo Company Profile
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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