General Motors Firm (NYSE:GM) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it -3.88% to close at $30.48 with the total traded volume of 22.46 Million shares. General Motors Co. is recalling over 4 million vehicles, most of them in the U.S., to fix an air bag software defect that has been linked to one death. The vehicles involved in the recall are all from the 2014-2017 model years and include models from Buick, Chevrolet, GMC and Cadillac. The firm is recalling 4.28 million vehicles worldwide, comprising 3.6 million in the U.S.
The firm stated Friday that in rare cases, the car’s sensing and diagnostic module a tiny computer that senses what the vehicle is doing and controls air bag deployment can go into test mode. If that happens, the front air bags won’t inflate in a crash and the seat belt pretensioners may not tighten up about occupants to help prevent injuries. GM says the defect is linked to at least one death and three injuries. The firm has institutional ownership of 72.80%, while insider ownership included 4.66%. Its price to sales ratio ended at 0.30. GM attains analyst recommendation of 2.30 with week performance of -3.00%.
Halcon Resources Corporation (NYSE:HK) [Trend Analysis] moved down reacts as active mover, shares a loss -0.56% to traded at $0.30 and the percentage gap among open changing to regular change was -1.57%. Halcón Resources Corporation (HK) revealed it has completed its financial restructuring and has emerged from its pre-packaged chapter 11 bankruptcy cases.
All of the conditions under its Plan of Reorganization, which was confirmed by the US Bankruptcy Court for the District of Delaware on September 8, 2016, have been satisfied or otherwise waived in accordance with the terms of the Restructuring Plan. About $1.8 billion of the Firm’s debt has been eliminated under the Restructuring Plan together with over $200 million of yearly interest expense going forward. The table below summarizes Halcón’s pro forma capital structure as of June 30, 2016. The firm’s current ratio calculated as 0.10 for the most recent quarter. The firm past twelve months price to sales ratio was 0.09 and price to cash ratio remained 5.32. As far as the returns are concern, the return on equity was recorded as 576.50% and return on investment was -68.40% while its return on asset stayed at -38.40%..