Traders Recap: Uniti Group Inc. (NASDAQ:UNIT) , Pengrowth Energy Corporation (NYSE:PGH)

On 4/19/2017, Shares of Uniti Group Inc. (NASDAQ:UNIT) closed at $27.12 in last trading day. After noting the initial trading entry at $26.70, it reached to a day’s high of $27.41 and moved to a day’s low of $26.64. The recent daily volume was 1.38 million as contrast to it’s an average volume of 892.17 thousand.
Technical Indicators:
The last close of the Uniti Group Inc stock reflects that it traded up +2.73% from its 50-day moving average of $26.40. The stock traded above +1.48% to its 200-day MA of $26.73. Furthermore, it moved lower -17.14% from its 52-week high of $32.73 and +20.53% up from $22.50, which is 52-week low of the stock.
During the last month, Uniti Group Inc.’s (UNIT) has changed 6.68% and performed -5.42% over the last 6 months. The mean rating score for this stock is at 1.70. This rating scale contains from 1 to 5 with 5 representing a Strong Sell, 1 signifying a Strong Buy and 3 demonstrating a Hold. The Volatility was noted at 1.90% in recent month and observed Weekly Volatility of 2.23%.
April 19, 2017 Uniti Group Inc. (“Uniti” or the “Company”) (UNIT) announced the pricing of its previously announced public offering of 16,981,133 shares of its common stock (the “Shares”) at a public offering price of $26.50 per share. The offering is expected to close on April 25, 2017, subject to customary closing conditions. The Company intends to use the net proceeds from this offering to fund a portion of the cash consideration payable in connection with the acquisitions of Southern Light, LLC and Hunt Telecommunications, LLC (collectively, the “Acquisitions”). Closing of the Acquisitions will occur after the closing of this offering and are subject to various closing conditions. If such Acquisitions are not completed, the Company will use the net proceeds for general corporate purposes, which may include, among other things, working capital and other acquisitions.

The underwriters have a 30-day option to purchase up to 2,547,169 additional shares of common stock of the Company.
Pengrowth Energy Corporation (NYSE:PGH) finalized the last transaction at value of $1.01, with a daily change of -4.72% or -0.05 points. The company maintained volume of 1.17 million shares. In past trading day, the stock hit the maximum price of $1.06 and touched to minimum value of $1.00. It has a market cap of $ 553.19M.
Technical Indicators:
As of last trade close, the stock is trading downside -51.52% from its one year high of $2.08 and moved +5.21% upward from $0.96, which is one year low of the stock.
The stock traded below -7.14% from its 50-day moving average of $1.09. Furthermore, the stock moved -25.77% to its 200-day MA of $ 1.36.
Pengrowth Energy Corporation’s (PGH) moved with shift of -12.17% in the past week. Over the last three months, the shares of the company have changed -25.74% and performed -36.88% over the last six months. The stock currently has Monthly Volatility of 5.39% and Weekly Volatility of 5.47%.

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