Alphabet Inc. (NASDAQ:GOOG) [Trend Analysis] knocking active thrust in leading trading session, shares an advance of 1.14% to 769.20 with about 1.32 Million shares have changed hands in this session. The roll out of any form of technology usually happens in phases. Just like it happened with the high-definition resolution standard, the world seems to be taking its time to adjust to the 4K or UHD (2160×3840 pixels) resolution standard. However, Google has finally decided to acknowledge that people do want to watch their content in 4K as the firm is now reportedly testing 4K resolution option for movies on Google Play in the US.
The move to offer movies in 4K resolution should hardly come as a surprise from the firm considering that it started shipping its Chromecast Ultra dongle, with support for 4K, earlier this month in the US. As per a report by The Next Web, presently titles such as ‘The Fifth Element’ and ‘Elysium’ are both accessible with a UHD option on both Google Play and Google Play Movies & TV apps. However some titles like ‘Star Trek: Beyond’, despite showing a 4K tag, don’t show the new price option. The stock is going forward its fifty-two week low with 16.01% and lagging behind from its 52-week high price with -5.81%.
Same, the positive performance for the quarter recorded as -0.37% and for the year was 1.67%, while the YTD performance remained at 1.36%. GOOG has Average True Range for 14 days of 16.18.
Sunoco Logistics Partners L.P. (NYSE:SXL) [Trend Analysis] retains strong position in active trade, as shares scoring -6.57% to $24.47 in a active trade session, while looking at the shares volume, about 12.94 Million shares have changed hands in this session. Sunoco Logistics Partners L.P. (SXL) reported that it is buying contender Energy Transfer Partners in a stock accord worth about $20 billion that the energy companies’ hope will boost their operations. The accord comes as Energy Transfer Partners remains at the center of controversy over the Dakota Access oil pipeline that will transfer oil from North Dakota to Illinois.
Construction of the $3.8 billion pipeline has been the object of protests for months by the Standing Rock Sioux, whose reservation lies near the pipeline route, and the tribe’s allies, who fear a leak could contaminate their drinking water. Energy Transfer shareholders will receive 1.5 ordinary units of Sunoco stock for each Energy transfer share they own. Based on Sunoco’s closing price Friday, the accord was worth about $21.31 billion. The firm has institutional ownership of 65.20%, while insider ownership included 0.07%. SXL attains analyst recommendation of 2.30 with week’s performance of -10.89%. Investors looking additional ahead will note that the Price to next year’s EPS is 23.26%.