Somewhat Favorable News Coverage Somewhat Unlikely to Impact BlueLinx Holdings (BXC) Stock Price

Headlines about BlueLinx Holdings (NYSE:BXC) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. BlueLinx Holdings earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned press coverage about the construction company an impact score of 45.4323279369127 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the media headlines that may have impacted Accern’s scoring:

BlueLinx Holdings (BXC) traded up 1.68% during midday trading on Friday, reaching $8.47. 52,343 shares of the company were exchanged. The firm’s 50 day moving average price is $9.70 and its 200-day moving average price is $10.08. BlueLinx Holdings has a 52 week low of $6.36 and a 52 week high of $11.78. The stock has a market capitalization of $77.06 million, a P/E ratio of 2.67 and a beta of 2.30.

BlueLinx Holdings (NYSE:BXC) last posted its earnings results on Thursday, August 10th. The construction company reported $0.35 earnings per share (EPS) for the quarter. BlueLinx Holdings had a negative return on equity of 22.97% and a net margin of 1.62%. The business had revenue of $474.00 million during the quarter. Equities analysts forecast that BlueLinx Holdings will post ($0.21) EPS for the current fiscal year.

BXC has been the topic of a number of recent research reports. ValuEngine raised shares of BlueLinx Holdings from a “hold” rating to a “buy” rating in a research note on Friday, September 15th. TheStreet raised shares of BlueLinx Holdings from a “d” rating to a “c” rating in a research note on Wednesday, October 11th.

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In other news, major shareholder Stephen Feinberg sold 4,443,428 shares of BlueLinx Holdings stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $6.58, for a total value of $29,237,756.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.29% of the stock is currently owned by company insiders.

BlueLinx Holdings Company Profile

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.

Insider Buying and Selling by Quarter for BlueLinx Holdings (NYSE:BXC)

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