Penn West Petroleum Ltd. (NYSE:PWE) [Trend Analysis] luring active investment momentum, shares a loss -1.61% to $1.83. Penn West Petroleum Ltd. (PWE) reported that David French will be joining the firm as President and Chief Executive Officer and will join the Bodwith effect from October 24.
French succeeds Dave Roberts, who has been in the role since June, 2013. Roberts will continue to lead Penn West in October working with French and the Bodto ensure a seamless leadership transition. French, 47, most recently served as President and CEO of Bankers Petroleum Ltd., an oil and gas firm with operations in Southeastern Europe. The total volume of 2.97 Million shares held in the session was surprisingly higher than its average volume of 2014.15 shares. EPS anticipates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at -50.20%, and looking additional price to next year’s EPS is 70.00%.
Several matter pinch shares of Cypress Semiconductor Corporation (NASDAQ:CY) [Trend Analysis], as shares plunging -1.00% to $11.88 with a share volume of 6.83 Million. Cypress Semiconductor Corp. (CY) revealed in a regulatory filing that it expects to remove about 500 positions from its global workforce across all business and functional areas. The firm expects to record and pay in cash employee severance and other related charges in a range of about $40 million to $50 million, primarily in the third and fourth fiscal quarters of 2016. A portion of the charges may be recorded and paid in cash through fiscal year 2017.
The firm plans to reinvest a substantial portion of the savings generated from the 2016 Restructuring Plan into employee related matters and certain business initiatives and opportunities. Consequently, the 2016 Restructuring Plan may not result in a material reduction in future operating expenses. The stock is going forward its 52-week low with 95.18% and moving down from its 52-week high price with -3.90%. To have technical analysis views, liquidity ratio of a firm was calculated 1.60 as evaluated with its debt to equity ratio of 0.42. The float short ratio was 13.34%, as compared to sentiment indicator; Short Ratio was 5.81.