Active Broker’s Choice in Focus: Halliburton Company (NYSE:HAL), hhgregg, Inc. (NYSE:HGG)

Halliburton Company (NYSE:HAL) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with -0.13% to $53.80. U.S. oilfield equipment maker Weatherford International Plc on Monday named Halliburton Co’s chief financial officer, Mark McCollum, as president and chief executive officer.

Weatherford, whose shares rose 10 percent in extended trading, said in a statement McCollum was expected to join the company in late April. McCollum will be replaced at Halliburton, the world’s No. 2 oilfield services provider, as interim CFO by Executive Vice President Robb Voyles. Weatherford said interim CEO Krishna Shivram would leave the Houston-based company with immediate effect. He took the job in November, when former CEO Bernard Duroc-Danner left the company. The share price of HAL attracts active investors, as stock price of week volatility recorded 1.72%. The stock is going forward to its 52-week low with 64.22% and lagging behind from its 52-week high price with -8.16%.

hhgregg, Inc. (NYSE:HGG) [Trend Analysis] plunged reacts as active mover, shares a decrease -8.00% to traded at $0.23 and the percentage gap between open changing to regular change was 4.00%. hhgregg, Inc. (HGG) said that it filed voluntary petitions for reorganization under Chapter 11 of the United States Bankruptcy Code to restructure its balance sheet and better position itself for future success. The petitions were filed in the U.S. Bankruptcy Court for the Southern District of Indiana.

The company has signed a term sheet with an anonymous party to purchase the assets of the Company, which is intended to allow the Company to exit Chapter 11 debt free with important improvement in liquidity for the future stability of the business. The Company expects a quick and smooth process through Chapter 11 with emergence in approximately 60 days.

 

About Aaron Smithies

Aaron Smithies has a wide look on current monetary and financial events. He is an editor and a writer. His views; At Streetwise Report, we think the best opportunities arise from a complete understanding of all investing disciplines in order to identify the most attractive stocks at any given time. Interests: Biotech, Finical markets, Dividend stock ideas & income, Energy stocks, Consumer goods stocks

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