Home / Street Sector / NIKE, Inc. (NYSE:NKE) Sets New Targets For Fiscal Year 2020 Spanning Environmental- Linn Energy (NASDAQ:LINE), Maxim Integrated Products (NASDAQ:MXIM)

NIKE, Inc. (NYSE:NKE) Sets New Targets For Fiscal Year 2020 Spanning Environmental- Linn Energy (NASDAQ:LINE), Maxim Integrated Products (NASDAQ:MXIM)

NIKE, Inc. (NYSE:NKE) [Trend Analysis] released on Wednesday that it set new targets for fiscal year 2020 spanning environmental impact areas and its entire supply chain, including to have zero waste from contracted footwear manufacturing sent to landfill or incineration without energy recovery.

The firm reported that  to source 100% of products from contract factories meeting the company’s definition of sustainable; to create products that deliver maximum performance with minimum impact, seeking a 10% reduction in the average environmental footprint and an increased use of more sustainable materials overall. By the end of fiscal year 2025, to reach 100% renewable energy in owned or operated facilities and to encourage broader adoption of renewable energy as part of an effort to control absolute emissions.

Shares of NIKE, Inc. (NYSE:NKE)  runs in leading trade, it moving down -3.70% to traded at $57.01. The firm has price volatility of 2.08% for a week and 1.71% for a month. Its beta stands at 0.54 times. Narrow down four to firm performance, its weekly performance was -3.55% and monthly performance was -2.63%. The stock price of NKE is moving down from its 20 days moving average with -3.79% and isolated negatively from 50 days moving average with -5.52%.

Linn Energy, LLC (NASDAQ:LINE) [Trend Analysis] along with LinnCo, LLC (LNCO), and Berry Petroleum Company, LLC reported that they has singed a Restructuring Support Agreement with holders of Credit Facilities. Under the Agreement, the parties agreed to support a plan of reorganization for the company that would include: a new LINN $2.2 billion reserve-based and term loan credit facility.

The consensual use of LINN and Berry’s cash collateral to fund the Chapter 11 Cases; and the broad terms of a comprehensive restructuring of indebtedness. LINN, LinnCo, and Berry filed voluntary petitions for restructuring under Chapter 11 of the Bankruptcy Code. The company expects operations across its asset base to continue in the ordinary course throughout the Chapter 11 process.

Linn Energy, LLC (NASDAQ:LINE) luring active investment momentum, shares a loss -2.65% to $0.33. The total volume of 2.73 Million shares held in the session was surprisingly higher than its average volume of 10755.07 shares. EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at -894.30%, and looking further price to next year’s EPS is -990.00%. While take a short look on price to sales ratio, that was 0.04.

Maxim Integrated Products, Inc. (NASDAQ:MXIM) [Trend Analysis]released that retirement of Kip Hagopian as firm’s Chairman of Board. William Sullivan, currently a member of Maxim’s Board, will assume the Board Chair position, effective immediately. Hagopian will continue to serve on the Board, in a non-Chair director capacity, until the end of Maxim’s fiscal year.

William Sullivan, who will assume the position of Chairman, is a veteran of more than two decades at Hewlett-Packard, and from 2005 to 2015, served as CEO of Agilent Technologies, after its spin-out from HP. Prior to that, he was Executive Vice President and COO of Agilent from 2002 to 2005.

Several matter pinch shares of Maxim Integrated Products, Inc. (NASDAQ:MXIM), as shares moving down -0.30% to $36.40 with a share volume of 1.22 Million. The stock is going forward its 52-week low with 25.63% and moving down from its 52-week high price with -12.23%. To have technical analysis views, liquidity ratio of a company was calculated 7.20 as evaluated with its debt to equity ratio of 0.00. The float short ratio was 1.36%, as compared to sentiment indicator; Short Ratio was 1.91.

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