Rand Logistics (RLOG) Getting Somewhat Positive News Coverage, Report Finds
Media stories about Rand Logistics (NASDAQ:RLOG) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Rand Logistics earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned headlines about the shipping company an impact score of 44.5869879611153 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Edward Levy Sells 120,000 Shares of Rand Logistics, Inc. (RLOG) Stock (americanbankingnews.com)
- Rand Logistics, Inc. (RLOG) Director Laurence S. Levy Sells 134,121 Shares (americanbankingnews.com)
- Laurence S. Levy Sells 537,190 Shares of Rand Logistics, Inc. (RLOG) Stock (americanbankingnews.com)
- Laurence S. Levy Sells 477,723 Shares of Rand Logistics, Inc. (RLOG) Stock (americanbankingnews.com)
Separately, ValuEngine downgraded shares of Rand Logistics from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 16th.
Rand Logistics (RLOG) remained flat at $$0.25 during mid-day trading on Wednesday. 4,787,400 shares of the company’s stock traded hands, compared to its average volume of 1,147,780. Rand Logistics has a fifty-two week low of $0.19 and a fifty-two week high of $1.93.
In other news, Director Laurence S. Levy sold 537,190 shares of the firm’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $0.27, for a total transaction of $145,041.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Brent D. Baird bought 167,242 shares of the stock in a transaction that occurred on Friday, October 13th. The shares were purchased at an average cost of $0.34 per share, with a total value of $56,862.28. The disclosure for this purchase can be found here. Insiders have sold 1,314,134 shares of company stock valued at $360,577 in the last ninety days. Insiders own 13.10% of the company’s stock.
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About Rand Logistics
Rand Logistics, Inc is a shipping company that, through its operating subsidiaries, is engaged in the operation of bulk carriers on the Great Lakes. The Company’s shipping business is operated in Canada by Lower Lakes Towing Ltd. (Lower Lakes Towing) and in the United States by Lower Lakes Transportation Company (Lower Lakes Transportation).
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