Several matter pinch shares of Phillips 66 (NYSE:PSX) [Trend Analysis], as shares moving down -0.35% to $77.71 with a share volume of 2.64 Million. Chase and Phillips 66 (PSX) contains reached into a multiyear agreement for Phillips 66 to accept Chase Pay at its Phillips 66, Conoco and 76 branded locations across the United States, the companies announced . Phillips 66 joins a host of merchants in signing up to accept Chase Pay, which gives Chase customers an easy, secure and rewarding way to pay for purchases. The fuel retailer is also a key member of the Merchant Customer Exchange (MCX), a strategic Chase Pay relationship.
To enable Phillips 66, Conoco and 76 branded sites to accept Chase Pay at their pumps and in their c-stores, Phillips 66 has also collaborated with Houston-based mobile commerce provider P97 Networks, Inc. and will leverage P97’s cloud-based mobile payment infrastructure. Because of these relationships, consumers of Phillips 66’s fuel brands will soon be able to make purchases through the My Phillips 66, My 76 and My Conoco mobile apps of Phillips 66. The stock is going forward its 52-week low with 14.70% and moving down from its 52-week high price with -15.41%. To have technical analysis views, liquidity ratio of a company was calculated 1.20 as evaluated with its debt to equity ratio of 0.39. The float short ratio was 2.65%, as compared to sentiment indicator; Short Ratio was 4.58.
Shares of Southern Company (NYSE:SO) [Trend Analysis] runs in leading trade, it surging 1.00% to traded at $51.47. The firm has price volatility of 1.55% for a week and 1.20% for a month. Its beta stands at 0.07 times. Southern Company (SO) announced that it has priced its previously-announced underwritten public offering of 32.5 million shares of its common stock for gross proceeds of approximately $1.6 billion. Barclays, Goldman, Sachs & Co., Morgan Stanley and Wells Fargo Securities are acting as joint book-running managers of this offering.
The net proceeds from the offering will be used to fund a portion of the purchase price for the pending purchase of a 50% equity interest in Southern Natural Gas and for other general corporate purposes, which may include the investment by the company in its subsidiaries, including Southern Power. The offering is expected to close on August 19, subject to customary closing conditions. Narrow down four to firm performance, its weekly performance was -1.62% and monthly performance was -2.98%. The stock price of SO is moving down from its 20 days moving average with -2.28% and isolated negatively from 50 days moving average with -1.19%.
Genworth Financial, Inc. (NYSE:GNW) [Trend Analysis] luring active investment momentum, shares an advance remains unchanged to $3.82. An operating segment of Genworth Financial, Inc. (GNW), Genworth Mortgage Insurance released that an expansion of its Homebuyer Privileges® program to include discounts for nearly 300,000 retailers nationwide, including Target, Costco, Sears Commercial and ADT, among others.
President and CEO, Genworth Mortgage Insurance, Rohit Gupta stated that their research shows that down payments are still the biggest obstacle to homeownership for many consumers. “By expanding our Homebuyer Privileges program, our customers can offer even more savings that might allow prospective homebuyers to better control their costs and achieve their homeownership dreams sooner.” The total volume of 6.32 Million shares held in the session was surprisingly higher than its average volume of 7429.77 shares. EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at 85.20%, and looking further price to next year’s EPS is 4.34%. While take a short look on price to sales ratio, that was 0.23.