Home / Street Sector / Active Momentum Stocks in New Buzz- Valeant Pharmaceuticals International (NYSE:VRX), Continental Resources (NYSE:CLR), Navios Maritime Acquisition (NYSE:NNA)

Active Momentum Stocks in New Buzz- Valeant Pharmaceuticals International (NYSE:VRX), Continental Resources (NYSE:CLR), Navios Maritime Acquisition (NYSE:NNA)

Valeant Pharmaceuticals International, Inc. (NYSE:VRX) [Trend Analysis] knocking active thrust in leading trading session, shares a loss of -2.70% to 29.19 with around 65.9 Million shares have changed hands in this session. Valeant Pharmaceuticals International, Inc. (VRX) revealed that it has obtained the requisite lender approval for an amendment to its credit facility. The company expects to close the amendment next week, subject to customary closing conditions. The Canadian drugmaker noted that the amendment will reduce the interest coverage maintenance covenant to 2 times, providing the company with additional headroom. The amendment will also provide additional flexibility to the company to sell assets, permit the issuance of secured notes with shorter maturities to repay term loans, and permit the incurrence of other debt to repay term loans. The stock is going forward its fifty-two week low with 57.36% and lagging behind from its 52-week high price with -88.44%.

Likewise the positive performance for the quarter recorded as 11.16% and for the year was -88.08%, while the YTD performance remained at -71.28%. VRX has Average True Range for 14 days of 1.79.

Continental Resources, Inc. (NYSE:CLR) [Trend Analysis] retains strong position in active trade, as shares scoring 2.53% to $48.67 in a active trade session, while looking at the shares volume, around 2.47 Million shares have changed hands in this session. Continental Resources (CLR) reported that it has signed a definitive purchase and sale agreement with an undisclosed buyer to sell non-strategic properties in North Dakota and Montana for $222 million.

The sale includes 68,000 net acres of leasehold primarily in western Williams County, North Dakota, and 12,000 net acres of leasehold in Roosevelt County, Montana. The sale also includes net production of approximately 2,800 barrels of oil equivalent (Boe) per day. The agreement provides for customary closing conditions and adjustments. The firm has institutional ownership of 24.00%, while insider ownership included 0.70%. CLR attains analyst recommendation of 2.10 with week’s performance of 4.49%. Investors looking further ahead will note that the Price to next year’s EPS is 132.40%.

Shares of Navios Maritime Acquisition Corporation (NYSE:NNA) [Trend Analysis] swings enthusiastically in regular trading session, it a decrease of -3.80% to close at $1.52. Navios Maritime Acquisition Corp. (NNA) reported second-quarter net income of $12.2 million. On a per-share basis, the company said it had net income of 8 cents.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share. The shipping company posted revenue of $74.5 million in the period. Moving forward to saw long-term intention, NNA; experts calculate Return on Investment of 8.00%. The stock is going forward its fifty-two week low with 7.80% and lagging behind from its 52-week high price with -62.56%. NNA last month stock price volatility remained 4.20%.

 

About Blake Escott

Blake Escott holds junior writer position in SWR. Before joining Streetwise Report, he was a freelance content Writer. He has high-level copywriting experience and particularly experienced in proofreading and editing. He covers news about different companies including all US market sectors. Interests: Commodities, Energy stocks, Sector-wise Stocks analysis, Utilities

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