The Culp (CFI) Getting Positive Media Coverage, AlphaOne Reports

The Culp (CFI) Getting Positive Media Coverage, AlphaOne Reports

Separately, Zacks Investment Research cut shares of Culp from a “hold” rating to a “sell” rating in a report on Thursday, March 2nd.

Media stories about Culp (NYSE:CFI) have trended positive on Monday, AlphaOne Sentiment reports. The research group, a unit of Accern, identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Culp earned a media sentiment score of 0.37 on AlphaOne’s scale. AlphaOne also gave press coverage about the textile maker an impact score of 71 out of 100, indicating that recent media coverage is likely to have an impact on the company’s share price in the immediate future.

Culp (CFI) opened at 33.10 on Monday. The company has a 50-day moving average of $32.28 and a 200 day moving average of $33.19. Culp has a 12 month low of $26.26 and a 12 month high of $37.80. The stock has a market capitalization of $407.59 million, a price-to-earnings ratio of 20.95 and a beta of 0.51. In other Culp news, VP Boyd Brooks Chumbley sold 1,159 shares of the company’s stock in a transaction on Thursday, March 9th. The shares were sold at an average price of $30.95, for a total transaction of $35,871.05. Following the completion of the transaction, the vice president now directly owns 16,531 shares in the company, valued at $511,634.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Fred A. Jackson acquired 5,000 shares of Culp stock in a transaction on Friday, March 10th. The shares were bought at an average price of $31.13 per share, with a total value of $155,650.00. Following the completion of the transaction, the director now directly owns 6,700 shares of the company’s stock, valued at approximately $208,571. The disclosure for this purchase can be found here. Insiders have sold 103,345 shares of company stock valued at $3,332,980 over the last 90 days. 13.50% of the stock is currently owned by company insiders.

About Culp Culp, Inc is a producer of mattress fabrics and marketer of upholstery fabrics for furniture in North America. The Company is engaged in the manufacture, sourcing and marketing of mattress fabrics and sewn covers used for covering mattresses and box springs, and upholstery fabrics, including cut and sewn kits used in production of upholstered TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CFI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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