News Recap: Duke Realty Corp (NYSE:DRE), Marvell Technology Group Ltd. (NASDAQ:MRVL), Eagle Bulk Shipping Inc (NASDAQ:EGLE)

On Monday, Shares of Duke Realty Corp (NYSE:DRE), added 1.98% and closed at $23.65 in the last trading session. The last trading range of the stock ranges between $22.97 and $23.77. Duke Realty Corporation is an equity real estate investment trust. The firm invests in the real estate markets of the United States. It offers a single point of responsibility for all aspects of a project, counting leasing, asset administration, construction and development. The firm mainly invests in commercial real estate sector.

Marvell Technology Group Ltd. (NASDAQ:MRVL), jumped 1.62% and closed at $13.19 in the last trading session. The last trading range of the stock ranges between $12.88 and $13.24. The company’s Market capitalization is $7.02 Billion with the total Outstanding Shares of 511.70 million. Marvell Technology Group Ltd. (MRVL), a leader in storage, networking, and connectivity semiconductor solutions, recently declared restructuring actions intended to refocus its research and development (R&D), increase operational efficiency and improve profitability. These actions are expected to be fully implemented by the end of October 2017 to lower annual operating expenses from a current annualized run rate of $1.08 billion to the $820-840 million range.

Matt Murphy, Marvell’s President and Chief Executive Officer, explained, “The single biggest factor limiting the potential of the Cloud and utilization of billions of connected devices is the bandwidth of recently’s technology. By focusing on our strengths in storing, moving, and accessing data at high speeds, Marvell is well-positioned to facilitate the technology of tomorrow.”

Eagle Bulk Shipping Inc (NASDAQ:EGLE), gained 50.49% and closed at $9.15 in the last trading session. The last trading range of the stock ranges between $6.08 and $9.39. Company  stock’s 52-week range is $6.08 – $9.39 Eagle Bulk Shipping Inc. (EGLE) (the “Company” or “Eagle Bulk”) recently declared that it has attained a resale 2017-built 64,000 deadweight SDARI-64 Ultramax dry bulk vessel constructed at Chengxi Shipyard Co., Ltd.  The vessel is planned to be delivered to the Company in January 2017, and will be named the M/V Singapore Eagle.

Counting the acquisition of the M/V Stamford Eagle, which was declared last week, the Eagle Bulk fleet will consist of 42 owned vessels.

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