Worth Watching Stocks News Review: Seadrill Ltd (NYSE:SDRL), Micron Technology, Inc. (NASDAQ:MU), Bank of America Corp (NYSE:BAC)

On Tuesday, Shares of Seadrill Ltd (NYSE:SDRL), added 23.15% and closed at $2.66 in the last trading session. The last trading range of the stock ranges between $2.53 and $2.96. Seadrill Limited (“Seadrill”) advises that it is aware of an article published by Bloomberg recently regarding the Company`s ongoing refinancing and recapitalization plans.   We refer to our formerly published communications in this regard.  The Company remains in negotiations with its stakeholders regarding its refinancing and recapitalization plans and there are no material developments to disclose.   This information is subject of the disclosure requirements following section 5-12 of the Norwegian Securities Trading Act.

Micron Technology, Inc. (NASDAQ:MU), jumped 0.39% and closed at $17.80 in the last trading session. The last trading range of the stock ranges between $17.66 and $18.04. The company’s Market capitalization is $18.43 Billion with the total Outstanding Shares of 1.04 Billion. Micron Technology, Inc., (MU) recently declared results of operations for its fourth quarter and 2016 fiscal year, which ended September 1, 2016. Revenues for the fourth quarter of fiscal 2016 were $3.22 billion and were 11 percent higher contrast to the third quarter of fiscal 2016 and 11 percent lower contrast to the fourth quarter of fiscal 2015. Revenues for fiscal year 2016 were $12.40 billion and net loss attributable to Micron shareholders was $276 million, or ($0.27) per diluted share. On a non-GAAP basis, the fiscal year result was income of $0.06 per diluted share. Cash flows from operations were $3.17 billion for fiscal year 2016.

“We are seeing improving market conditions in terms of both slowing supply growth and improving demand across a number of key segments,” said Micron CEO Mark Durcan. “In addition, we continue to execute on our key programs related to the deployment of advanced technologies and products to advantage our customers.”

Bank of America Corp (NYSE:BAC), gained 1.09% and closed at $15.80 in the last trading session. The last trading range of the stock ranges between $15.67 and $16.05. During the 52-week trading session the minimum price at which share price traded, registered at $10.99 and reached to max level of $18.09. Bank of America Corporation, through its auxiliaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional shareholders, large corporations, and governments worldwide. It operates through five segments: Consumer Banking, Global Wealth & Investment Administration, Global Banking, Global Markets, and Legacy Assets & Servicing. The Consumer Banking segment offers traditional and money market savings accounts, CDs and IRAs, noninterest- and interest-bearing checking accounts, and investment accounts and products, in addition to credit and debit cards, residential mortgages and home equity loans, and direct and indirect loans. This segment provides its products and services through about 4,700 financial centers, 16,000 ATMs, call centers, and online and mobile platforms. The Global Wealth & Investment Administration segment offers investment administration, brokerage, banking, and retirement products, in addition to wealth administration and customized solutions. The Global Banking segment provides lending products and services, counting commercial loans, leases, commitment facilities, trade finance, real estate lending, and asset-based lending; treasury solutions, such as treasury administration, foreign exchange, and short-term investing options; working capital administration solutions; and debt and equity underwriting and distribution, and merger-related and other advisory services. The Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, in addition to risk administration, foreign exchange, fixed-income, and mortgage-related products.

Leave a Reply

Your email address will not be published. Required fields are marked *