Sunday 31 January 2016
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Active Stocks News Review: Adeptus Health Inc (NYSE:ADPT), Atlas Resource Partners, L.P. (NYSE:ARP), Glu Mobile Inc. (NASDAQ:GLUU)

On Thursday, Shares of Adeptus Health Inc (NYSE:ADPT), lost -1.75% to $54.52.

S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices:

  • Willis Group Holdings plc (WSH) will replace Fossil Group Inc. (FOSL) in the S&P 500, and Fossil Group will replace Towers Watson & Co. (TW) in the S&P MidCap 400 after the close of trading on Monday, January 4. Willis Group is merging with Towers Watson in a deal predictable to be accomplished on or about that date pending final conditions. Post merger, Willis Group Holdings will change its name to Willis Towers Watson plc and trade under the ticker symbol “WLTW”. Fossil has a market capitalization that is more representative of the mid-cap market space.
  • Adeptus Health Inc. (ADPT) will replace Ferroglobe plc (GSM) in the S&P SmallCap 600 after the close of trading on Thursday, December 31. Globe Specialty Metals recently accomplished its combination with Grupo FerroAtlántica, creating a new company called Ferroglobe plc. The new company does not meet the domicile and public float criteria as outlined in the S&P U.S. Indices methodology.

Willis Towers Watson is a global advisory, broking and solutions firm. Headquartered in London, England the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Insurance Brokers Sub-Industry index.

Fossil Group designs, develops, markets, and distributes consumer fashion accessories. Headquartered in Richardson, TX, the company will be added to the S&P MidCap 400 Apparel Accessories & Luxury Goods Sub-Industry index.

Adeptus Health Inc. owns and operates a network of independent freestanding emergency rooms in the United States. As of December 31, 2014, it operated 55 facilities located in the Houston, Dallas/Fort Worth, San Antonio, Austin, Colorado Springs, Denver, and Phoenix.

Shares of Atlas Resource Partners, L.P. (NYSE:ARP), inclined 18.33% to $1.00, during its last trading session.

Atlas Resource Partners, declared that the Issuers (as defined below) have received the Requisite Consents from holders of their outstanding 7.75% Senior Notes due 2021 (the “7.75% Notes”) (CUSIP 049296AC0) issued by Atlas Resource Partners Holdings, LLC and Atlas Resource Finance Corporation (each individually an “Issuer” and together the “Issuers”) and guaranteed by ARP and certain partner guarantors, to adopt the projected amendments (the “Amendments”) to the indenture (the “7.75% Indenture”) governing the 7.75% Notes that the Issuers had requested following their formerly declared consent solicitation for the 7.75% Notes (the “7.75% Notes Consent Solicitation”). Adoption of the Amendments required the consent of holders of record as of December 9, 2015 of a majority of the outstanding aggregate principal amount of the 7.75% Notes (the “Requisite Consents”). The Amendments, among other things, improvement the fixed dollar amount of secured indebtedness permitted to be incurred under the 7.75% Indenture to $1,000 million from $500.0 million. Presently, $375,000,000 in aggregate principal amount of the 7.75% Notes is outstanding.

The 7.75% Notes Consent Solicitation expired at 5:00 p.m., New York City time, on Tuesday, December 29, 2015 (the “Expiration Date”). Due to the short window offered to consent to the amended consent solicitation, the Issuers have decided to pay the consent fee for the 7.75% Notes Consent Solicitation to all holders of the 7.75% Notes as of the Record Date.

Following receipt of the Requisite Consents, the Issuers, ARP, the partner guarantors, and the trustee under the 7.75% Indenture executed a supplemental indenture incorporating the Amendments into the 7.75% Indenture. At that time, the Amendments effected by such supplemental indenture became effective and consents could no longer be revoked; however, the Amendments will not become operative until the Consent Fee is paid to the holders who have delivered (and not revoked) valid consents before the Expiration Date.

Atlas Resource Partners, L.P. operates as an independent developer and producer of natural gas, crude oil, and natural gas liquids in the United States. The company operates in three segments: Gas and Oil Production, Well Construction and Completion, and Other Partnership Administration.

Finally, Glu Mobile Inc. (NASDAQ:GLUU), ended its last trade with -2.41% loss, and closed at $2.43.

On Thursday, shares in Glu Mobile Inc. ended the session 0.40% lower at $2.50. The stock stated a trading volume of 1.42 million shares, below its three months average volume of 2.73 million shares. Glu Mobile Inc.’s shares have plummeted 24.47% in the last one month, 46.24% in the previous three months and 35.90% on YTD basis. The company is trading 26.71% below its 50-day moving average and 49.48% below its 200-day moving average. Moreover, shares of Glu Mobile Inc. have a Relative Strength Index (RSI) of 34.21.

Glu Mobile Inc. develops, publishes, and markets a portfolio of games for the smartphones and tablet devices users. The company offers free-to-play action, casual, racing, and sports genre mobile games. It creates games based on its own brands, counting Blood & Glory, Contract Killer, Deer Hunter, Diner Dash, Eternity Warriors, Frontline Commando, Gun Bros, Heroes of Destiny, Racing Rivals, and Tap Sports: Baseball, in addition to based on third-party licensed brands, such as Kim Kardashian: Hollywood, Robocop: The Official Game, and Hercules: The Official Game. Glu Mobile Inc. markets, sells, and distributes its games primarily through direct-to-consumer digital storefronts worldwide.