ARM Holdings (NASDAQ:ARMH)- Unusual Stocks Mover Hurt By Street Views: Canadian Natural Resources (CNQ)

ARM Holdings plc (ADR) (NASDAQ:ARMH) revealed that it has purchased Allinea Software, an industry leader in development and performance analysis tools that maximize the efficiency of software for high performance computing systems.

ARM noted that currently, 80 percent of the world’s top 25 supercomputers use Allinea’s tools, with key consumers including the US Department of Energy, and NASA.Allinea will be integrated into the ARM business with all functions and Allinea’s Warwick and Eastleigh locations retained. Allinea’s former CEO David Lecomber will join the ARM development solutions group management team.

Canadian Natural Resources Limited (NYSE:CNQ) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 1.30% to close at $33.50 with the total traded volume of 2.99 Million shares. Canadian Natural Resources Limited (NYSE:CNQ) reported that the contract relating to monetizing the Company’s non-core ownership interest in the Cold Lake Pipeline, to Inter Pipeline Ltd has been completed.

Canadian Natural received gross proceeds of $350 million in cash and 6,417,740 common shares of Inter Pipeline at an ascribed value of $177.5 million (approximately $186.6 million based upon December 15, 2016 close) for total value of approximately $527.5 million (approximately $536.6 million based upon December 15, 2016 close), subject to closing adjustments.

Canadian Natural is a senior oil and natural gas production company, with continuing operations in its core areas located in Western Canada, the U.K. portion of the North Sea and Offshore Africa. The firm has institutional ownership of 66.60%, while insider ownership included 3.30%. Its price to sales ratio ended at 4.86. CNQ attains analyst recommendation of 1.90 with week performance of -0.27%.


About Richard Avery

He is a capital projects manager and process design engineer at a large-cap company. He has renowned MBA degree. Before joining SWR, he was a freelance writer for renounce tech websites. He is currently studying for CFP exam. Interests: Tech stocks, Economic Markets, Blue-chips.

Leave a Reply

Your email address will not be published. Required fields are marked *