Home / Street Sector / Street Highjack By Active Movers: United Technologies (NYSE:UTX), Chanticleer Holdings (NASDAQ:HOTR)

Street Highjack By Active Movers: United Technologies (NYSE:UTX), Chanticleer Holdings (NASDAQ:HOTR)

United Technologies Corporation (NYSE:UTX) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with 0.36% to $108.84. Trump administration and United Techonolgies reach contract on keeping close to 1000 factory jobs in carrier plant in Indiana- CNBC reporter, citing sources. Donald Trump will visit Indiana on Thursday to announce accord to keep most of carrier jobs in Indiana-CNBC reporter . The share price of UTX attracts active investors, as stock price of week volatility recorded 0.70%. The stock is going forward to its 52-week low with 33.99% and lagging behind from its 52-week high price with -0.33%.

Chanticleer Holdings, Inc. (NASDAQ:HOTR) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 9.51% to close at $0.54 with the total traded volume of 45557 shares. Chanticleer Holdings, Inc. (NASDAQ:HOTR), owner and operator of multiple restaurant brands in the U.S. and abroad, offers shareholders with a reminder that it has set November 30, 2016 as ownership date for its anticipated rights offering.

Shareholders or warrant holders must own Chanticleer’s Ordinary stock or HOTRW warrants as of 4:00 PM ET on Wednesday, November 30, 2016 to be considered a shareholder or warrant holder of record on December 5th, 2016. The Firm plans to effectuate its rights offering through the distribution of non-transferable subscription rights to purchase units, each unit consisting of one share of redeemable Series 1 Preferred Stock and one Series 1 Warrant to purchase 10 shares of ordinary stock. The proposed rights offering will consist of up to an aggregate of 1,000,000 units at a subscription price of $13.50 per unit.

The basic subscription privilege is subject to pro-ration. The rights offering will also include an over-subscription privilege, which will entitle each rights holder that exercises all its basic subscription privilege in full, the right to purchase additional units that remain unsubscribed at the expiration of the rights offering, subject to the availability and pro rata allocation of units amid persons exercising this over-subscription privilege. The firm has institutional ownership of 5.50%, while insider ownership included 1.70%. Its price to sales ratio ended at 0.26. HOTR attains analyst recommendation of 1.00 with week performance of -0.63%.

 

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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