Worth Watching Active Movers: Conagra Brands Inc (NYSE:CAG), Wynn Resorts, Limited (NASDAQ:WYNN)

On Wednesday, Shares of Conagra Brands Inc (NYSE:CAG), added 1.30% and closed at $36.27 in the last trading session. The last trading range of the stock ranges between $35.86 and $36.37. Each year on November 15, people across the United States take part in America Recycles Day, a day which was created to increase awareness and continue to build a recycling and material recovery culture. To celebrate employees’ commitment to reducing waste and keeping valuable materials out of landfills, Conagra Brands, Inc. (CAG) recently honors its Zero Waste Champion award winners. Started six years ago, the Zero Waste Champion awards recognize Conagra Brands facilities that have redirected more than 95 percent of materials that would have otherwise been waste to other beneficial uses such as donation, reuse and recycling. This year eight facilities have been awarded and with their efforts, Conagra has achieved an 81 percent landfill diversion rate in the 2016 fiscal year.

“In our sixth year of this program, we continue to see impressive engagement and commitment from our plant employees, who are key to achieving this kind of success,” said Dave Biegger, Executive Vice President & Chief Supply Chain Officer, Conagra Brands. “Our ultimate aim is for all facilities to achieve and maintain this level of performance.”

Conagra Brands’ zero waste strategy focuses on plannedally reducing the amount of waste generated in production facilities and avoiding the need to transport valuable materials for discard in landfills. By characterizing materials that don’t make it into finished goods as “by-products” instead of “waste”, we create a culture that allows a shift in thinking away from disposal and towards value creation. Many by-products of food preparation are highly valued as animal feed, source material for recycling, energy recovery or composting, or sometimes even suitable for donation to feed people when safe and properly handled.

Wynn Resorts, Limited (NASDAQ:WYNN), dropped -0.35% and closed at $86.57 in the last trading session. The last trading range of the stock ranges between $85.90 and $87.92. The company’s Market capitalization is $9.05 Billion with the total Outstanding Shares of 101.74 million. Wynn Resorts, Limited (WYNN) recently stated financial results for the third quarter ended September 30, 2016. The stated financial results include 40 days of operations of Wynn Palace, which opened on August 22, 2016.

Net revenues were $1.11 billion for the third quarter of 2016, a boost of 11.4%, or $113.5 million, from $996.3 million for the same period of 2015. The increase was the result of $164.6 million from Wynn Palace and a boost of $15.9 million from our Las Vegas Operations, partially offset by a decrease of $67.0 million from Wynn Macau.

On a U.S. GAAP basis, net loss attributable to Wynn Resorts, Limited was $17.4 million, or $0.17 per diluted share, for the third quarter of 2016, a decrease of 118.1%, or $113.6 million, from net income attributable to Wynn Resorts, Limited of $96.2 million, or $0.95 per diluted share, for the same period of 2015. Adjusted net income attributable to Wynn Resorts, Limited (1) was $76.2 million, or $0.75 per diluted share, for the third quarter of 2016, contrast to $87.6 million, or $0.86 per diluted share, for the same period of 2015.

Adjusted Property EBITDA (2) was $305.4 million for the third quarter of 2016, a boost of 9.1%, or $25.5 million, from $279.9 million for the same period of 2015, mainly a result of $25.5 million from Wynn Palace.

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