Stocks in the News: Cheniere Energy, Inc. (NYSEMKT:LNG), Allison Transmission Holdings Inc (NYSE:ALSN)

On Monday, shares of Cheniere Energy, Inc. (NYSEMKT:LNG), included 3.59% and shut at $39.83 inside the end purchasing and offering session. The last exchanging scope of the stock ranges amongst $38.70 and $39.88. Cheniere Energy, Inc., an energy company, engages in the liquefied natural gas (LNG) related business in the United States. It operates through two segments, LNG Terminal Business, and LNG and Natural Gas Marketing Business. The company owns and operates Sabine Pass LNG terminal in western Cameron Parish, Louisiana; and Corpus Christi LNG terminal near Corpus Christi, Texas. It also owns Creole Trail Pipeline, a 94-mile pipeline interconnecting the Sabine Pass LNG terminal with various interstate pipelines.

Shares of Allison Transmission Holdings Inc (NYSE:ALSN), added 0.31% and shut at $32.38 inside the last exchanging session. The rest of the purchasing and offering scope of the stock levels among $32.26 and $32.52. The association’s commercial center capitalization is $5.43 Billion with the general uncommon loads of 165.38 million. Allison Transmission Holdings Inc. (ALSN) recently declared that its board of directors recently concluded a review of the Company’s business plan counting product development and capital spending forecasts supporting growth programs and other shareholder value enhancing programs. In addition, the board of directors consulted with a number of stockholders, counting Ashe Capital Administration, Longview Asset Administration, and ValueAct Capital, regarding capital allocation. Following an assessment of alternatives and perspectives, the board of directors has authorized a new stock repurchase program for up to $1 billion of its common stock. The Company anticipates repurchasing its common stock under the stock repurchase program from time to time through Dec. 31, 2019. The Company anticipates to complete its current $500 million stock repurchase program by Dec. 31, 2016.

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