Investor’s Alert: Delta Air Lines, Inc. (NYSE:DAL), Seagate Technology PLC (NASDAQ:STX), Hess Corp. (NYSE:HES)

On Thursday, Shares of Delta Air Lines, Inc. (NYSE:DAL), subtract -0.94% and closed at $39.94 in the last trading session. The last trading range of the stock ranges between $39.75 and $40.38. Delta Air Lines serves nearly 180 million customers each year. In 2016, Delta was named to Fortune’s top 50 Most Admired Companies in addition to being named the most admired airline for the fifth time in six years. In Addition To, Delta has ranked No.1 in the Business Travel News Annual Airline survey for an unprecedented five successive years. With an industry-leading global network, Delta and the Delta Connection carriers offer service to 319 destinations in 57 countries on six continents. Headquartered in Atlanta, Delta employs more than 80,000 employees worldwide and operates a mainline fleet of more than 800 aircraft. The airline is a founding member of the SkyTeam global alliance and take parts in the industry’s leading transatlantic joint venture with Air France-KLM and Alitalia in addition to a joint venture with Virgin Atlantic. Counting its worldwide alliance partners, Delta offers customers more than 15,000 daily flights, with key hubs and markets counting Amsterdam, Atlanta, Boston, Detroit, Los Angeles, Minneapolis/St. Paul, New York-JFK and LaGuardia, London-Heathrow, Paris-Charles de Gaulle, Salt Lake City, Seattle and Tokyo-Narita. Delta has invested billions of dollars in airport facilities, global products and services, and technology to enhance the customer experience in the air and on the ground.

Seagate Technology PLC (NASDAQ:STX), dropped -1.89% and closed at $37.81 in the last trading session. The last trading range of the stock ranges between $37.47 and $38.31. The company’s Market capitalization is $11.43 Billion with the total Outstanding Shares of 298.61 million. Seagate Technology plc (STX), a world leader in storage solutions, recently showcased its most recent and most advanced enterprise solid state drives at the Open Data Center Summit 2016 which is being held at the Beijing International Convention Center on September 27, 2016. The full range of products displayed includes the recently launched SSD solutions like 8TB Nytro® XP7200 NVMe SSD, 60TB SAS SSD, 2TB Nytro® XM1440 M.2 NVMe SSD, and Seagate enterprise HDD solutions counting 8TB Archive HDD, Enterprise Performance HDD, and 10TB helium-based Enterprise Capacity 3.5 HDD. Seagate will also showcase an NVMe Over Fabrics Storage system technology, achieving millions of IOPs and providing extremely low latency storage to host applications. This technology demo utilizes Seagate NVMe SSDs, storage systems, and software.

According to market research firm Technavio, the data center market in China is expected to see rapid expansion, increasing at an estimated compound annual growth rate (CAGR) of nearly 13 percent over the period 2016-2020.

The Open Data Center Summit 2016, themed “Collaborate with Openness and Innovation,” is a platform for communications in the data center field organized by the Open Data Center Committee. The Summit invites industry leaders to discuss the most recent technology trends, and provides an authoritative guide for China’s data center industry. It aims to promote an active, highly-efficient and competitive data center.

Hess Corp. (NYSE:HES), gained 0.34% and closed at $53.66 in the last trading session. The last trading range of the stock ranges between $52.70 and $54.03. During the 52-week trading session the minimum price at which share price traded, registered at $32.40 and reached to max level of $64.08. Hess Corporation (HES) declared recently the consideration to be paid in the formerly declared cash tender offer (the “Maximum Tender Offer”) to purchase up to about $324.0 million (the “Aggregate Maximum Repurchase Amount”) of the following series of notes issued by Hess (the “Notes”):

7.875% Notes due 2029;

7.300% Notes due 2031; and

7.125% Notes due 2033.

The Maximum Tender Offer was made following the terms and conditions set forth in the offer to purchase dated September 19, 2016 (the “Offer to Purchase”).

Leave a Reply

Your email address will not be published. Required fields are marked *