TheStreet Reports Improved Third Quarter Financial Performance and Share Repurchase Program

 TheStreet (TST) reported its third-quarter financial performance on November 13. The company had EPS of $0.01 compared to a loss of $0.03 during the same quarter last year. The Board of Directors also authorized a new share repurchase of up to 5 million common shares, which is the equivalent of 10% of current outstanding shares.

 

Sonal detected the event and issued an alert at 8:02 am. The next trade was for $1.05 at 9:30 am. The stock closed for the day at $1.25. That makes a gain of almost 20% on the event day.

The stock price continued its upward trend over the next few trading sessions. It closed at $1.40 on November 20, which equaled a gain of over 33% following the event.

 

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