The Favorable Media Coverage Somewhat Likely to Impact Culp (CFI) Share Price

The Favorable Media Coverage Somewhat Likely to Impact Culp (CFI) Share Price

Shares of Culp (NYSE:CFI) traded up 1.69% during midday trading on Friday, hitting $33.10. 19,936 shares of the stock were exchanged. The firm has a 50-day moving average price of $32.28 and a 200 day moving average price of $33.19. Culp has a 12-month low of $26.26 and a 12-month high of $37.80. The firm has a market cap of $407.59 million, a PE ratio of 20.95 and a beta of 0.51.

News coverage about Culp (NYSE:CFI) has been trending positive this week, Alpha One Sentiment Analysis reports. The research group, a division of Accern, scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Culp earned a media sentiment score of 0.31 on Alpha One’s scale. Alpha One also gave media headlines about the textile maker an impact score of 50 out of 100, meaning that recent press coverage is somewhat likely to have an impact on the stock’s share price in the next several days.

Separately, Zacks Investment Research downgraded shares of Culp from a “hold” rating to a “sell” rating in a report on Thursday, March 2nd. In other Culp news, VP Boyd Brooks Chumbley sold 1,159 shares of the company’s stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $30.95, for a total value of $35,871.05. Following the transaction, the vice president now directly owns 16,531 shares in the company, valued at approximately $511,634.45. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Robert G. Culp III sold 24,995 shares of the company’s stock in a transaction dated Wednesday, April 26th. The shares were sold at an average price of $33.26, for a total transaction of $831,333.70. Following the transaction, the chairman now directly owns 101,294 shares of the company’s stock, valued at approximately $3,369,038.44. The disclosure for this sale can be found here. Insiders sold a total of 103,345 shares of company stock worth $3,332,980 over the last quarter. Insiders own 13.50% of the company’s stock.

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 furniture.new 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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