Stocks Retreat on New Development: Silver Standard Resources (NASDAQ:SSRI), International Business Machines (IBM)

Silver Standard Resources Inc. (NASDAQ:SSRI) [Trend Analysis] knocking active thrust in leading trading session, shares an increase of 2.74% to 10.12 with around 184607 shares have changed hands in this session. Silver Standard Resources Inc. (SSRI) reports its fourth quarter and full year 2016 operating results. Additionally,  providing 2017 production and cost guidance for our three operations.

Fourth Quarter and 2016 Operating Highlights: • Consistent record of delivery: Achieved production guidance for the fifth consecutive year. • Record annual production: Produced 393,325 gold equivalent ounces in 2016 as all three operations met or exceeded previously improved production guidance. During the fourth quarter, gold equivalent production totaled 110,130 ounces. • Robust gold production at Marigold: Production in the fourth quarter was strongest for the year at 59,945 ounces of gold, taking full year production to 205,116 ounces.

Exceeded gold production guidance at Seabee: The mine achieved the highest annual production in its 26-year history, producing 77,640 ounces of gold in 2016. With fourth quarter production of 19,711 ounces of gold, production over the second half of the year exceeded our H2 2016 production guidance range. The stock is going forward its fifty-two week’s  low with 176.50% and lagging behind from its 52-week’s  high price with -36.11%.

Similar, the positive performance for the quarter recorded as -4.74% and for the year was 112.28%, while the YTD performance remained at 10.43%. SSRI has Average True Range for 14 days of 0.59.

Shares of International Business Machines Corporation (NYSE:IBM) [Trend Analysis] swings enthusiastically in regular trading session, it a decrease of -0.94% to close at $166.17. Two new names are joining Morningstar’s C-suite. The Chicago-based investment research firm reported Wednesday that CEO KunalKapoor has appointed company veteran Tricia Rothschild as chief product officer and Danny Dunn, formerly of IBM, as chief revenue officer.Rothschild is a 23-year veteran of Morningstar (NYSE: MORN). She was most recently the firm’s head of global advisor solutions, managing strategy for Morningstar’s wealth management and online brokerage business.

“Her mix of research and product development experience make her a terrific fit for the chief product officer role,” Kapoor said in a statement. “She is passionate about Morningstar and our mission, and her forward-looking approach and strategic acuity will drive the continuous technological evolution of our products to help investors reach their financial goals.” Moving forward to saw long-term intention, the experts calculate Return on Investment of 23.40%. The stock is going forward its fifty-two week’s  low with 46.21% and lagging behind from its 52-week’s  high price with -2.21%. IBM last month stock price volatility remained 1.23%.

 

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.

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