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Thursday 23 April 2015
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4 Stocks Plunging - Time Warner Cable (NYSE:TWC), Clovis Oncology (NASDAQ:CLVS), Oasis Petroleum (NYSE:OAS), JinkoSolar Holding (NYSE:JKS)

On Friday, Time Warner Cable Inc (NYSE:TWC)’s shares declined -5.43% to $149.61.

Time Warner Cable Inc (TWC) will report its 2015 First-Quarter earnings results on Thursday, April 30, 2015, before the market opens. Senior administration will host a conference call starting at 8:30am ET to talk about the results.

The earnings press release will be sent out and accessible on our website proceeding to the market opening.

Time Warner Cable Inc., together with its auxiliaries, provides video, high-speed data, and voice services in the United States. It operates in three segments: Residential Services, Business Services, and Other Operations.

Clovis Oncology Inc (NASDAQ:CLVS)’s shares dropped -5.32% to $86.15.

Clovis Oncology Inc (CLVS) declared that the U.S. Food and Drug Administration (FDA) has granted Breakthrough Therapy designation for the Company’s investigational agent rucaparib as monotherapy treatment of advanced ovarian cancer in patients who have received at least two lines of preceding platinum-containing therapy, with BRCA-mutated tumors, inclusive of both germline BRCA (gBRCA) and somatic BRCA (sBRCA) mutations.

Rucaparib is an oral, potent inhibitor of PARP1 and PARP2 being developed for the treatment of platinum-sensitive ovarian cancer, specifically in patients with tumors with BRCA mutations and other DNA repair deficiencies beyond BRCA, commonly referred to as “BRCA-like” or “BRCAness.” The Breakthrough Therapy designation was granted based on interim efficacy and safety results from two ongoing Phase 2 studies of rucaparib in ovarian cancer, counting a Phase 2 study in women with gBRCA mutations, and the ARIEL2 treatment study.

Clovis Oncology, Inc., a biopharmaceutical company, focuses on acquiring, developing, and commercializing anti-cancer agents in the United States, Europe, and internationally .

At the end of Friday’s trade, Oasis Petroleum Inc. (NYSE:OAS)‘s shares dipped -5.23% to $17.38.

Oasis Petroleum Inc. (OAS) declared that the lenders under its revolving credit contract accomplished their regular semi-annual redetermination of the borrowing base, resulting in a borrowing base of $1,700 million. The Company raised the lenders’ aggregate elected commitment to $1,525 million from $1,500 million. The lenders’ aggregate commitment can be raised to the full $1,700 million borrowing base by increasing the commitment of one or more lenders.

Additionally, the Company extended the maturity date of the facility from April 2018 to April 2020, offered that the Company’s 2019 Senior Notes are stepped down or refinanced 90 days proceeding to the maturity of the 2019 Senior Notes. Oasis’ borrowing base facility is supported by 18 financial institutions. The next redetermination of the borrowing base is planned for October 1, 2015.

Oasis Petroleum Inc., an independent exploration and production company, focuses on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin.

JinkoSolar Holding Co., Ltd. (NYSE:JKS), ended its Friday’s trading session with -5.19% loss, and closed at $27.93.

JinkoSolar Holding Co., Ltd. (JKS) declared that Mr. Yingqiu Liu has been designated as a new independent director, effective April 13, 2015. Mr. Liu will serve as a member of the audit committee and nominating and corporate governance committee of the board of directors of JinkoSolar.

Preceding to his appointment as the Company’s independent director, Mr. Liu was a member of the China Federation of Industry and Commerce Committee, a Specially-Invited Vice President of the China Association of Small and Medium Enterprises, a Vice Director of China Research Society of Urban Development, a member of the Chinese Economic Social Development Council, a member of China International Culture Exchange Centre and the Director-General of the Center for Private Economic Studies in the Chinese Academy of Social Sciences. Proceeding to 2013, Mr. Liu was President, Professor, Doctoral supervisor of CASS’s Graduate School. Mr. Liu graduated from Nankai University with a doctor degree in economics in April 1991. Mr. Liu was recognized as an expert who enjoys the life-time special allowance by the State Council.

JinkoSolar Holding Co., Ltd., together with its auxiliaries, designs, develops, produces, and markets photovoltaic products in the People’s Republic of China and internationally. It offers solar modules; solar cells; silicon ingots and silicon wafers; recovered silicon materials; commercial solar power projects development and solar system integration services; and processing services.

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