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Notable Moves: Micron Technology (NASDAQ:MU), Frontier Communications Corporation (NASDAQ:FTR), Cvent (NYSE:CVT), Banco Santander Brasil SA (ADR) (NYSE:BSBR), PBF Logistics (NYSE:PBFX) - Property Mentor Group

Notable Moves: Micron Technology (NASDAQ:MU), Frontier Communications Corporation (NASDAQ:FTR), Cvent (NYSE:CVT), Banco Santander Brasil SA (ADR) (NYSE:BSBR), PBF Logistics (NYSE:PBFX)


Micron Technology, Inc., (NASDAQ:MU) on 29 January announced that it intends to offer, subject to market and other considerations, $750 million aggregate principal amount of senior notes due 2023 (the “Notes”) through an offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States to non-U.S. persons pursuant to Regulation S under the Securities Act. On Tuesday shares of Micron Technology, Inc. (NASDAQ:MU) closed at $28.94. Company’s sales growth for last 5 years was 27.80% and EPS growth for next 5 years is recorded as 15.00%.

Frontier Communications Corporation (NASDAQ:FTR) is offering gigabit Internet in an Oregon city and recently cited a success story with its first customer of the ultra high-speed service. Frontier Communications Corporation (NASDAQ:FTR) in last trading activity advanced 2.66% to close at $7.34. Company weekly performance is 8.42% while its quarterly performance stands at 13.98%. Frontier Communications Corporation (NASDAQ:FTR) is 2.37% away from its 52 week high.

Cvent, Inc. (NYSE:CVT), formally announced the date and location of Cvent Connect. The company will be hosting three conferences at the same time during the span of a week. The five day event will take place in Las Vegas from June 14-18 at the MGM Grand Hotel & Casino. On last trading day Cvent, Inc. (NYSE:CVT) advanced 1.34% to close at $24.99. Its volatility for the week is 4.10% while volatility for the month is 3.13%. CVT’s sales growth for past 5 years was 33.60% and its EPS growth for past 5 years was -29.40%. Cvent, Inc. (NYSE:CVT) monthly performance is -10.69%.

Goldman Sachs started coverage on shares of Banco Santander Brasil SA (NYSE:BSBR) in a research report released on Tuesday morning. The firm issued a sell rating on the stock. Banco Santander Brasil SA (ADR) (NYSE:BSBR) has 5.95% insider ownership while its institutional ownership stands at 14.50%. In last trading activity company’s stock closed at $4.86.

PBF Logistics LP (NYSE:PBFX) announced that it will release its earnings for the fourth quarter 2014 on Thursday, February 12, 2015. The company will host a conference call and webcast regarding fourth quarter results and other business matters on Thursday, February 12, 2015, at 11:00 a.m. ET. On last trading day PBF Logistics LP (NYSE:PBFX) advanced 1.51% to close at $22.86. Its volatility for the week is 3.82% while volatility for the month is 4.41%. PBF Logistics LP (NYSE:PBFX) monthly performance is 1.69%.


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