Home / Features / Active Movers in Hot Line: Shell Midstream Partners (NYSE:SHLX), Builders FirstSource (NASDAQ:BLDR), Sirius XM Holdings (NASDAQ:SIRI)

Active Movers in Hot Line: Shell Midstream Partners (NYSE:SHLX), Builders FirstSource (NASDAQ:BLDR), Sirius XM Holdings (NASDAQ:SIRI)

Several matter pinch shares of Shell Midstream Partners, L.P. (NYSE:SHLX) [Trend Analysis], as shares plunging -8.63% to $33.25 with a share volume of 7.63 Million. Shell Midstream Partners, L.P. (SHLX) announced that pricing of an underwritten public offering of 10,500,000 common units representing limited partner interests, at a public offering price of $33.25 per common unit. The total gross proceeds will be approximately $350 million. In connection with the offering, Shell Midstream Partners granted the underwriter a 30-day option to purchase up to an additional 1,575,000 common units.

The offering is expected to close on May 23, 2016, subject to certain closing conditions. Shell Midstream Partners expects to use the net proceeds from this offering, including its general partner’s proportionate capital contribution, to partially fund the previously announced acquisition of additional equity interests in Zydeco Pipeline Company LLC, Bengal Pipeline Company LLC, and Colonial Pipeline Company from Shell Pipeline Company LP. The stock is going forward its 52-week low with 34.86% and moving down from its 52-week high price with -31.61%. To have technical analysis views, liquidity ratio of a company was calculated 7.40 as evaluated with its debt to equity ratio of 0.00. The float short ratio was 0.37%, as compared to sentiment indicator; Short Ratio was 0.49.

Shares of Builders FirstSource, Inc. (NASDAQ:BLDR) [Trend Analysis] runs in leading trade, it plunging -2.15% to traded at $10.93. The firm has price volatility of 4.41% for a week and 4.69% for a month. Its beta stands at 2.55 times. Builders FirstSource, Inc. (BLDR) announced that commencement of a public offering of 13,263,266 shares of its common stock to be sold by Warburg Pincus Private Equity IX, L.P. After completion of the offering, Warburg Pincus Private Equity IX, L.P. will no longer own any shares of the Company’s common stock.

The Company is not offering any shares of common stock in the offering and will not receive any proceeds from the sale of shares in this offering. In addition, none of the Company’s officers or directors are selling any shares of common stock in the offering. Narrow down four to firm performance, its weekly performance was -5.20% and monthly performance was -9.07%. The stock price of BLDR is moving down from its 20 days moving average with -5.14% and isolated negatively from 50 days moving average with -1.23%.

Sirius XM Holdings Inc. (NASDAQ:SIRI) [Trend Analysis] luring active investment momentum, shares a decrease remains unchanged to $3.89. SiriusXM released that its subsidiary, Sirius XM Radio Inc., priced an offering of $1.0 billion of Senior Notes due 2026. The notes are to be sold to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, and outside the United States in compliance with Regulation S of the Securities Act.

The notes will bear interest at an annual rate of 5.375%. The price to investors will be 100% of the principal amount of the notes. The company will receive gross proceeds of $1.0 billion from the sale of the notes before deducting the initial purchasers’ commissions and estimated offering fees and expenses. The total volume of 19.24 Million shares held in the session was surprisingly higher than its average volume of 36356.05 shares. EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at 11.50%, and looking further price to next year’s EPS is 28.08%. While take a short look on price to sales ratio, that was 4.13 and price to earning ratio of 35.69 attracting passive investors.


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