On Thursday, Shares of Ultra Petroleum Corp. (NYSE:UPL), gained 2.46% to $2.50.
Ultra Petroleum Corp.’s stock finished Wednesday’s session 7.05% higher at $2.58. A total of 5.68 million shares were traded, which was above its three months average volume of 3.91 million shares. Over the last one month and the previous three months, Ultra Petroleum Corp.’s shares have declined 36.92% and 57.64%, respectively. Additionally, the stock has plummeted 80.40% since the starting of 2015. The company’s shares are trading below their 50-day and 200-day moving averages by 43.23% and 73.87%, respectively. Ultra Petroleum Corp.’s stock traded at a PE ratio of 1.93 and has a Relative Strength Index (RSI) of 36.32.
Ultra Petroleum Corp., an independent oil and gas company, engages in the acquisition, exploration, development, production, and operation of oil and natural gas properties in the United States. It primarily focuses on developing natural gas reserves in the Green River Basin of Wyoming; oil reserves in the Uinta Basin of Utah; and natural gas reserves in the Appalachian Basin of Pennsylvania.
Shares of Marvell Technology Group Ltd. (NASDAQ:MRVL), inclined 0.68% to $8.82, during its last trading session.
On Tuesday, December 29, 2015, NASDAQ Composite ended at 5,107.94, up 1.33%, Dow Jones Industrial Average advanced 1.10% to finish the day at 17,720.98 and the S&P 500 closed at 2,078.36, up 1.06%.
Marvell Technology Group Ltd.’s stock edged higher by 0.79% to end Tuesday’s session at USD 8.96. The stock traded below its 50-day moving average of USD 8.70 while trading below the 200-day moving average of USD 10.48. The company’s shares oscillated between USD 8.87 and USD 8.99. The stock recorded a trading volume of 2.80 million shares, which was below its 50-day daily average volume of 6.16 million shares and its 52-week average volume of 7.18 million shares. Over the last three days Marvell Technology Group Ltd.’s shares have advanced 0.22% and in the past one week the stock has moved up 4.80%. On a compounded total return basis, the company has returned 3.23% in the past one week and 3.34% in the past one month. The stock is trading at a price to book ratio of 0.90, contrast to the historical PB ratio of 1.55.
Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It offers mobile and wireless products comprising communications and applications processors; thin modems; and connectivity solutions, counting Wi-Fi, Bluetooth, near field communication, and FM; and mobile computing products, in addition to silicon solutions and Kinoma software.
Finally, BB&T Corporation (NYSE:BBT), ended its last trade with -0.94% loss, and closed at $37.81.
BB&T Corporation, declared it has received regulatory approval from the Federal Reserve, the FDIC and all required state banking regulators to acquire National Penn Bancshares, Inc. (NPBC). The transaction is predictable to close in the next few months.
“We are very happy to receive these approvals and excited to move forward with the merger,” said Chairman and Chief Executive Officer Kelly S. King. “National Penn is a plannedally compelling deal that complements the legacy Susquehanna franchise and presents enormous opportunities to leverage our proven community banking capabilities in these mid-Atlantic markets.”
National Penn, headquartered in Allentown, Pa., had $9.6 billion in assets, $7.0 billion in deposits, as of Sept. 30, 2015, and 124 banking offices in Pennsylvania, New Jersey and Maryland. The planned acquisition was originally declared Aug. 17, 2015.
BB&T Corporation operates as a financial holding company that provides various banking and trust services for retail and commercial clients. It operates in six segments: Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Services, and Financial Services.