Home / Business / Volatile Stocks Under Street Updates: Diamond Offshore Drilling (NYSE:DO), Southwest Airlines (NYSE:LUV)

Volatile Stocks Under Street Updates: Diamond Offshore Drilling (NYSE:DO), Southwest Airlines (NYSE:LUV)

Shares of Diamond Offshore Drilling, Inc. (NYSE:DO) [Trend Analysis] swings enthusiastically in regular trading session, it a decrease of -0.29% to close at $17.44. Diamond Offshore Drilling, Inc. (DO) released that it has been notified by its consumer, BP Plc (BP), that BP will no longer pursue a drilling campaign in the Great Australian Bight. In 2013, BP entered into a contract with Diamond for Diamond’s harsh environment ultra-deepwater semi, the Ocean GreatWhite, and had intended to use the rig on the Great Australian Bight campaign. BP has confirmed that its decision will not impact Diamond’s rig contract. BP and Diamond are exploring alternative locations for the Ocean GreatWhite. Moving forward to saw long-term intention, the experts calculate Return on Investment of -2.90%. The stock is going forward its fifty-two week low with 22.99% and lagging behind from its 52-week high price with -34.73%. DO last month stock price volatility remained 4.79%.

Southwest Airlines Co. (NYSE:LUV) [Trend Analysis] retains strong position in active trade, as shares scoring 0.55% to $40.01 in a active trade session, while looking at the shares volume, about 6.59 Million shares have changed hands in this session. Southwest Airlines Co. (LUV) together with Aircraft Mechanics Fraternal Association (AMFA) reported that they have agreed to terms on a tentative contract for the Firm’s over 200 Aircraft Appearance Technicians, the group primarily responsible for aircraft detailing and appearance care services.

AMFA representatives will be communicating the provisions of the proposed 5-year extension contract in the coming days. “I want to commend both Negotiating Teams for their work in getting us to this point,” stated Landon Nitschke, Southwest Airlines Vice President Maintenance Operations.

“This contract enhances pay and benefits for our Employees, and it supports the Firm’s long-term strategic business plan.” If agreed, this extension will run through February 2021 and replace the current collective bargaining contract that becomes amendable in February 2017. The firm has institutional ownership of 79.20%, while insider ownership included 0.20%. LUV attains analyst recommendation of 2.10 with week’s performance of 2.33%. Investors looking additional ahead will note that the Price to next year’s EPS is 1.53%.


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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