Market Movers: American International Group (NYSE:AIG), Chesapeake Energy Corporation (NYSE:CHK), Companhia Paranaense de Energia (NYSE:ELP), Tangoe (NASDAQ:TNGO), Preferred Apartment Communities (NYSEMKT:APTS)


On 15 December American International Group, Inc. (NYSE:AIG) announced the launch of AG Platinum Choice VUL, variable universal life insurance issued by American General Life Insurance Company with a flexible design that provides death benefit protection, upside market potential, cash accumulation for future financial needs, and the opportunity to guarantee the death benefit throughout the policy holder’s lifetime. American International Group, Inc. (NYSE:AIG) in last trading activity moved up 1.83% to close at $55.01. Company weekly performance is -0.31% while its quarterly performance stands at -0.18%. American International Group, Inc. (NYSE:AIG) is -2.51% away from its 52 week high.

Chesapeake Energy Corporation (NYSE:CHK) announced that it closed on a new five-year, $4.0 billion senior unsecured revolving credit facility. The new facility replaces the existing $4.0 billion senior secured revolving credit facility that was scheduled to mature in December 2015. The aggregate commitments may be increased up to an additional $1.0 billion, and the new credit agreement matures December 15, 2019 with two one-year extension options, each of which is subject to lender approval and certain customary provisions. Chesapeake Energy Corporation (NYSE:CHK) has 0.90% insider ownership while its institutional ownership stands at 83.20%. In last trading activity company’s stock closed at $19.14.

Companhia Paranaense de Energia (NYSE:ELP)‘s stock had its “underperform” rating reiterated by Zacks in a report released on Thursday. They currently have a $12.00 target price on the stock. Zacks‘s target price suggests a potential downside of 6.61% from the company’s current price. On last trading day Companhia Paranaense de Energia (NYSE:ELP) fell -0.08% to close at $12.59. Its volatility for the week is 5.28% while volatility for the month is 3.73%. ELP’s EPS growth for past 5 years was -1.76%. Companhia Paranaense de Energia (NYSE:ELP) monthly performance is 1.53%.

On 25 November Tangoe, Inc. (NASDAQ:TNGO) said its Board of Directors has authorized an additional share repurchase program under which the company may repurchase up to $30 million of its outstanding common stock from time to time on the open market or in privately negotiated transactions. Tangoe, Inc. (NASDAQ:TNGO) has 5.80% insider ownership while its institutional ownership stands at 96.70%. In last trading activity company’s stock closed at $12.99.

Preferred Apartment Communities, Inc. (NASDAQ:APTS) CIO Daniel M. Dupree acquired 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was purchased at an average cost of $8.67 per share, with a total value of $73,695.00. Following the completion of the transaction, the executive now directly owns 40,197 shares in the company, valued at approximately $348,508. On Thursday shares of Preferred Apartment Communities, Inc. (NYSEMKT:APTS) closed at $8.71.


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