Trailer Bridge (TRBR) Jumps Up in Price and Volume
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Trailer Bridge, Inc. (Nasdaq: TRBR) is up today 10% to $5.79. The range today has been $5.50 - $6.17, and it has hovered around the $5.75 mark after early morning activity.
No significant news has been related to the move. Over the past month, there have been about 24,300 shares purchased by insiders.
Trailer Bridge's CEO Ivy Barton Suter quoted back in September, on the company repurchase of debt, "We believe that this is opportunistic purchase of debt at this level represents an attractive return on capital for our shareholders, while simultaneously improving our financial position." Might now be an opportunistic time to purchase the stock too?
A call to the company was not immediately returned.
No significant news has been related to the move. Over the past month, there have been about 24,300 shares purchased by insiders.
Trailer Bridge's CEO Ivy Barton Suter quoted back in September, on the company repurchase of debt, "We believe that this is opportunistic purchase of debt at this level represents an attractive return on capital for our shareholders, while simultaneously improving our financial position." Might now be an opportunistic time to purchase the stock too?
A call to the company was not immediately returned.
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