Genesee & Wyoming (NYSE:GWR)- Frontline Active Stocks in Broker Choice- Exxon Mobil (NYSE:XOM)

Genesee & Wyoming Inc. (NYSE:GWR) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with 0.88% to $71.10. Genesee & Wyoming Inc. (GWR) reported that it has priced its previously reported offering of 4,000,000 shares of its Class A Common Stock at $75.00 per share, resulting in aggregate gross proceeds to G&W of $300,000,000.

G&W has granted the underwriters of the Offering a 30-day option to purchase up to an additional 600,000 shares of Class A Common Stock. The Offering is expected to close on December 19, 2016, subject to customary closing conditions.G&W expects the net proceeds of the Offering to be $285,500,000 (or $328,475,000 if the underwriters exercise their option to purchase additional shares in full), after deducting underwriting discounts and commissions and estimated offering expenses payable by G&W.

G&W intends to use the net proceeds of the Offering to fund its previously reported acquisition of Pentalver Transport Limited and to repay indebtedness. If the acquisition of Pentalver is not consummated, G&W intends to use the remaining net proceeds from the Offering for general corporate purposes, including repaying indebtedness, strategic investments and acquisitions. The share price of GWR attracts active investors, as stock price of week volatility recorded 3.80%. The stock is going forward to its 52-week low with 71.08% and lagging behind from its 52-week high price with -11.93%.

Exxon Mobil Corporation (NYSE:XOM) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it -0.35% to close at $90.27 with the total traded volume of 571724 shares. Exxon Mobil Corp (XOM) reported on Wednesday that its president, Darren Woods, will become chief executive and chairman in January following the retirement of Rex Tillerson, who is U.S. President-elect Donald Trump’s choice for secretary of state.

Tillerson, 64, will retire at the end of the year and Woods, 51, will take over effective Jan. 1, Exxon, the world’s largest publicly traded oil company, said. Woods, who was named president and elected to the board in January 2015, was widely expected to become the top executive after Tillerson’s retirement next year, when he turns 65, the mandatory retirement age for the company. The firm has institutional ownership of 51.30%, while insider ownership included 0.30%. Its price to sales ratio ended at 1.74. XOM attains analyst recommendation of 3.00 with week performance of 2.85%.


About Gerard Bergeron

Gerard Bergeron covers Bio-pharmacy or healthcare sector Press Releases news updates. He has extensive three year of experience in content writing as freelance writer. He performs analysis of Healthcare Companies and provides worthy information for investor community. He is an experienced writer with a precise grasp of the English language and a clear, compelling writing style.

Leave a Reply

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