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      Insider Buying Helped TrueBlue (TBI) Stock Stabilized

      By Fahim Awan

      Published on

      November 2, 2023

      10:28 AM UTC

      Insider Buying Helped TrueBlue (TBI) Stock Stabilized

      During the trading session on Wednesday, TrueBlue, Inc. (NYSE: TBI) shares exhibited a modest uptick of 0.27%, reaching a valuation of $11.10. This stability in TrueBlue’s stock can be attributed to an insider’s acquisition of company shares. Specifically, TBI’s Director, Mr. Kreidler Robert C., acquired 10,000 shares of TBI at a total investment value of $110,700. This transaction was executed at a per-share price of $11.07, consequently increasing the Director’s stake in the company to 31,136 shares.

      TrueBlue stands as a prominent provider of specialized workforce solutions. Notably, TBI has recently become a member of the United Nations (UN) Global Compact, the world’s most extensive voluntary initiative promoting corporate sustainability. With an extensive network of participants spanning over 160 countries, the UN Global Compact strives to unite businesses in the pursuit of a more equitable world, emphasizing alignment with principles concerning human rights, labor practices, environmental stewardship, and anti-corruption measures.

      TrueBlue is unwavering in its commitment to not only connecting individuals with meaningful employment but also ensuring that they encounter a workplace environment that upholds their inherent rights. The decision to join the UN Global Compact signifies a significant milestone in TBI’s quest to become a positive force, actively participating in this globally significant initiative due to shared objectives.

      In furtherance of its dedication, TrueBlue has solemnly pledged to uphold the tenets of the initiative’s ten principles and to diligently work towards the realization of all 17 Sustainable Development Goals (SDGs). TrueBlue will continue to integrate these principles and goals into its corporate strategy, organizational culture, and everyday operations.

      TrueBlue’s remarkable success story includes a 40% return on investment (ROI) achieved since the implementation of the Oracle Fusion Cloud Applications Suite. By leveraging the Oracle Fusion Cloud Enterprise Resource Planning (ERP) and Oracle Fusion Cloud Human Capital Management (HCM) solutions, TrueBlue has significantly enhanced productivity, reduced operational costs, and gained invaluable insights into its business operations through the centralization and automation of financial and human resources processes.

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