BP p.l.c. (NYSE:BP) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 0.03% to close at $35.79 with the total traded volume of 4.94 Million shares. BP plc (BP) reported that its decision not to progress exploration drilling programme in the Great Australian Bight (GAB), offshore South Australia. BP has determined that the GAB project will not be able to compete for capital investment with other upstream opportunities in its global portfolio in the foreseeable future.
The firm has informed federal and state governments of its decision. BP stated that its decision follows the review and refresh of the firm’s upstream strategy earlier in the current year, which included focusing exploration on opportunities likely to create value in the near to medium term. The firm has institutional ownership of 12.60%, while insider ownership included 0.50%. Its price to sales ratio ended at 0.59. BP attains analyst recommendation of 2.30 with week performance of -0.67%.
Fiat Chrysler Automobiles N.V. (NYSE:FCAU) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with -2.15% to $6.36. Unifor, Canada’s largest union in the private sector, stated it has reached a tentative contract with Fiat Chrysler Automobiles NV (FCAU) that secures investment for Brampton and Etobicoke. The accord also cements the economic pattern established with General Motors (GM).
Unifor National President Jerry Dias who led the negotiations, stated, “Entering into the 2016 negotiations the entire leadership at our auto locals unanimously endorsed investment commitments as our top previousity. This objective was achieved with GM, and I am proud to report we were successful with FCA as well.”
This is the second round of talks with the Detroit Three automakers to take place in 2016. The first set of negotiations with GM established an economic pattern for bargaining that included investment commitments, 2% general wage raises in year one and four of the contract, a $6,000 ratification bonus, $2,000 lump sums payments in year two, three and four, benefit plan improvements and an improved wage progression for new hires. The share price of FCAU attracts active investors, as stock price of week volatility recorded 1.67%. The stock is going forward to its 52-week low with 16.70% and lagging behind from its 52-week high price with -61.57%.