On Tuesday, Shares of HSBC Holdings plc (ADR)(NYSE:HSBC), added 0.88% and closed at $37.96 in the last trading session. The last trading range of the stock ranges between $37.85 and $38.37. In the hottest battleground for emerging-market bond deals, JPMorgan Chase & Co. is outflanking HSBC Holdings Plc for the first time in a decade. The New York-based bank is threatening to dislodge its British rival as the biggest arranger of new issues in the Gulf Cooperation Council after topping the league table at the end of the third quarter, data compiled by Bloomberg show. JPMorgan is moving up because governments and companies in this Middle Eastern region are borrowing more than ever and wooing American shareholders to soak up the extra supply, according to Matthew Hartley of law firm Allen & Overy LLP. Bond sales in the six-nation GCC rose to a record $44 billion in the first nine months of 2016 as crude prices below $50 a barrel pushed issuers to cover their revenue shortfalls with debt.source bloomberg
Navient Corp (NASDAQ:NAVI), jumped 2.16% and closed at $14.64 in the last trading session. The last trading range of the stock ranges between $14.31 and $14.70. The company’s Market capitalization is $4.60 Billion with the total Outstanding Shares of 318.00 million. Navient (NAVI), the nation’s leading loan administration, servicing and asset recovery company, recently declared an amendment extending the final maturity date of $509 million in bonds issued by a Navient-sponsored securitization backed by federally guaranteed student loans. The amendment was effective as of Oct. 4, 2016, and extended the legal final maturity date to June 27, 2044, on the Class A3 Notes issued by SLM Student Loan Trust 2013-5.
Since December 2015, Navient has extended the legal final maturity dates on $7.3 billion of bonds from Navient-sponsored FFELP securitizations.
Murphy Oil Corporation (NYSE:MUR), dropped -3.24% and closed at $29.87 in the last trading session. The last trading range of the stock ranges between $29.56 and $31.17. During the 52-week trading session the minimum price at which share price traded, registered at $14.30 and reached to max level of $37.48. Murphy Oil Corporation operates as an oil and gas exploration and production company worldwide. It explores for and produces crude oil, natural gas, and natural gas liquids.