On Friday, Shares of Rite Aid Corporation (NYSE: RAD), subtract -1.94% and closed at $7.06 in the last trading session. The last trading range of the stock ranges between $6.80 and $7.13. The Rite Aid Foundation declared recently a $125,000 donation to the American Red Cross to assist the victims, families and communities across the Southeastern United States that were affected by Hurricane Matthew. The donation will support relief efforts in North Carolina, South Carolina and Virginia, where Rite Aid operates more than 500 stores.
“Our hearts and prayers go out to everyone affected by Hurricane Matthew,” said Ken Martindale, Rite Aid CEO of stores, president of Rite Aid Corporation and president of The Rite Aid Foundation. “The Rite Aid Foundation is proud to work with our community partners to provide relief and support to those in need.”
The Foundation will also donate up to $25,000 of in-kind product to the Feeding American Food Bank in North Carolina and Harvest Hope Food Bank in South Carolina. The donation will include canned food items, personal hygiene products, infant care products and cleaning supplies.
Chesapeake Energy Corporation (NYSE:CHK), jumped 2.02% and closed at $6.56 in the last trading session. The last trading range of the stock ranges between $6.45 and $6.70. The company’s Market capitalization is $5.20 Billion with the total Outstanding Shares of 776.96 million. Chesapeake Energy Corporation engages in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids (NGL) from underground reservoirs in the United States. It operates in two segments, Exploration and Production; and Marketing, Gathering, and Compression. The company holds interests in natural gas resource plays, counting the Haynesville/Bossier Shales in northwestern Louisiana and East Texas; the Marcellus Shale in the northern Appalachian Basin in Pennsylvania; and the Barnett Shale in the Fort Worth Basin of north-central Texas. It also holds interests in liquids-rich resource plays, such as the Eagle Ford Shale in South Texas; the Utica Shale in Ohio and Pennsylvania; the Anadarko Basin in northwestern Oklahoma and the Texas Panhandle; and the Niobrara Shale in the Powder River Basin in Wyoming. The company owns interests in about 32,400 oil and natural gas wells. As of December 31, 2015, it had estimated proved reserves of 1.504 billion barrels of oil equivalent. The company also provides oil, natural gas, and NGL marketing services comprising commodity price structuring, securing and negotiating gathering, hauling, processing and transportation, contract administration, and nomination services for Chesapeake-operated wells; and marketing services for third-party producers, in addition to designs, engineers, fabricates, installs, and sells natural gas compression units, accessories, and equipment used in the production, treatment, and processing of oil and natural gas.
Wells Fargo & Co(NYSE:WFC), dropped -0.009% and closed at $44.71 in the last trading session. The last trading range of the stock ranges between $44.31 and $45.52. The company’s Market capitalization is $225.38 Billion with the total Outstanding Shares of 5.05 billion. During the 52-week trading session the minimum price at which share price traded, registered at $43.55 and reached to max level of $56.34. Wells Fargo & Co’s decision not to introduce new names onto its board or into the ranks of its senior administration in the wake of a sales scandal has raised questions about whether it can truly fix the culture which caused its problems.
The United States’ third-leading bank by assets has been plunged into crisis by revelations that its branch staff created as many as 2 million accounts without customers’ knowledge in order to meet internal sales targets.
John Stumpf, the bank’s chairman and chief executive, left last week in response to a public outcry and the bank put Tim Sloan, a 29-year Wells Fargo veteran and Stumpf’s heir apparent, into the CEO role.
Once viewed as an unambiguous asset, Sloan’s long tenure at the bank is now prompting questions about whether he has the necessary critical distance to overhaul an aggressive sales culture that allowed the misconduct to fester for years.SOURCE REUTER