Why Making Dramatic Moves: Sprint Corporation (NYSE:S), Chesapeake Energy Corporation (NYSE:CHK), Danaos Corporation (NYSE:DAC), MRV Communications (NASDAQ:MRVC), Petroleo Brasileiro Petrobras (NYSE:PBR)


On 5 November Sprint Corporation (NYSE:S) has announced that it will be laying off another 3,700 employees to cut costs and compete better against rivals. Sprint Corporation (NYSE:S) in last trading activity moved up 0.64% to close at $4.72. Company weekly performance is -20.40% while its quarterly performance stands at -17.77%. Sprint Corporation (NYSE:S) is -58.85% away from its 52 week high.

Chesapeake Energy Corporation (NYSE:CHK) said it has sold the last of more than a dozen off-campus office buildings that had it spread along a 4-mile stretch of NW 63 on either side of its headquarters at NW 63 and Western Avenue. On last trading day Chesapeake Energy Corporation (NYSE:CHK) moved up 2.86% to close at $23.41. Its volatility for the week is 4.91% while volatility for the month is 5.00%. CHK’s sales growth for past 5 years was 8.50% and its EPS growth for past 5 years was -4.50%. Chesapeake Energy Corporation (NYSE:CHK) monthly performance is 22.63%.

On 29 October ATHENS, Danaos Corporation (NYSE:DAC) reported unaudited results for the period ended September 30, 2014. Operating revenues of $139.5 million for the three months ended September 30, 2014 compared to $148.4 million for the three months ended September 30, 2013, a decrease of 6.0%. Operating revenues of $411.4 million for the nine months ended September 30, 2014 compared to $441.1 million for the nine months ended September 30, 2013, a decrease of 6.7%. On last trading day Danaos Corporation (NYSE:DAC) remains unchanged to close at $6.30. Its volatility for the week is 6.72% while volatility for the month is 7.23%. DAC’s sales growth for past 5 years was 14.50% and its EPS growth for past 5 years was -30.80%. Danaos Corporation (NYSE:DAC) monthly performance is 34.62%.

On 5 November MRV Communications, Inc. (NASDAQ:MRVC) reported financial results for the three- and nine- months ended September 30, 2014. Total revenue amounted to $43.2 million, up 12% from $38.4 million. Total operating expenses were $15.1 million, or 35% of total revenue, compared to $14.9 million, or 39% of total revenue. MRV Communications, Inc. (NASDAQ:MRVC) has 0.90% insider ownership while its institutional ownership stands at 33.20%. In last trading activity company’s stock closed at $11.47.

Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) said it is boosting fuel prices as Brazilian President Dilma Rousseff gives the state-run producer some relief from inflation-fighting policies and the lowest oil prices in four years. On Friday shares of Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) closed at $10.90. Company’s sales growth for last 5 years was 3.60% and EPS growth for next 5 years is recorded as 14.50%.


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