Home / Street Sector / Mix Cap Volatile Mover: Cliffs Natural Resources Inc. (NYSE:CLF), Pacific Drilling S.A. (NYSE:PACD)

Mix Cap Volatile Mover: Cliffs Natural Resources Inc. (NYSE:CLF), Pacific Drilling S.A. (NYSE:PACD)

Cliffs Natural Resources Inc. (NYSE:CLF) [Trend Analysis] retains strong position in active trade, as shares scoring -0.33% to $3.02 in a active trade session, while looking at the shares volume, about 8.23 Million shares have changed hands in this session. Cliffs Natural Resources (CLF) enterd long-term purchase power arrangement for its Northshore operation with Minnesota Power, a division of Allete (ALE) to receive $31 million in cash. Cliffs Natural Resources enters into multiple contracts with Minnesota Power, a utility division of ALLETE (ALE).

Cliffs will receive $31 million in cash as part of a long-term purchased power arrangement for its Northshore operation with Minnesota Power through 2031. Separately, Cliffs has extended its regulated power arrangements with Minnesota Power for 10 years at its United Taconite and Babbitt facilities. The firm has institutional ownership of 54.50%, while insider ownership included 2.80%. CLF attains analyst recommendation of 3.40 with week’s performance of -4.73%. Investors looking additional ahead will note that the Price to next year’s EPS is -129.20%.

Pacific Drilling S.A. (NYSE:PACD) [Trend Analysis] knocking active thrust in leading trading session, shares a decrease of -6.07% to 0.41 with about 1.29 Million shares have changed hands in this session. Pacific Drilling S.A. (PACD) released that its shareholders agreed a 1-for-10 reverse stock split of the Firm’s ordinary shares, in accordance with the Board’s proposal, at the Firm’s Extraordinary General Meeting of Shareholders held.

The Reverse Stock Split will be effective and the Firm’s ordinary shares will start trading on a split-adjusted basis as of the commencement of trading on May 25, 2016. The Reverse Stock Split is being implemented by the Firm to maintain the listing of its ordinary shares on the New York Stock Exchange (“NYSE”). The Firm attained notice from the NYSE on January 13, 2016 that the Firm did not satisfy the NYSE’s continued listing criteria. The stock is going forward its fifty-two week low with 36.67% and lagging behind from its 52-week high price with -90.12%.

Likewise the positive performance for the quarter recorded as 5.13% and for the year was -89.98%, while the YTD performance remained at -51.19%. PACD has Average True Range for 14 days of 0.07.

 

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