During Monday’s Morning trade, Shares of EXCO Resources Inc (NYSE:XCO), gained 2.65% to $1.16.
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EXCO Resources Inc. (XCO) witnessed raised volatility Wednesday opening at .9769 and subsequently rallying to a high of 1.23. Volume was very heavy and investors traded more than 10.085 million shares for a 159% improvement from average daily 3 month volume. XCO offered a much-needed bright spot among energy companies which have largely taken a tumble as the falling price of oil and market forces continue to dominate Wall Street sentiment. Despite closing up 33.33% XCO is still trading below its 52-week high of 2.54. Key technical chart indicators to examine is the closing of XCO’s trading price Wednesday 1 cent below the 200 DMA of 1.23, suggesting that this level may serve as a near-term resistance.
We are closely monitoring XCO for our newsletter subscribers and will alert them via email when XCO presents additional gain opportunity.
EXCO Resources, Inc., an independent oil and natural gas company, engages in the acquisition, exploration, exploitation, development, and production of onshore oil and natural gas properties with a focus on shale resource plays in the United States.
Shares of Invesco Ltd. (NYSE:IVZ), declined -0.58% to $32.73, during its current trading session.
Invesco Power Shares Capital Administration LLC, a leading global provider of exchange-traded funds (ETFs) with more than $100 billion in franchise assets, declared recently changes to its product lineup.
As part of the firm’s commitment to aligning its fund offerings to meet an evolving investment landscape, Invesco Power Shares declared it will change the underlying indexes, but not the index provider for four ETFs. Two of these affected ETFs will also receive new product tickers. There will be no administration fee changes to the affected ETFs.
Four other ETFs are planned to close on Monday, March 21, 2016, with the last day of trading planned for Friday, March 18, 2016. These closures may enable Invesco PowerShares to better align its product line with the changing investment landscape and allow the firm to continue to introduce value-added ETF solutions that meet investor needs going forward.
Invesco Ltd. is a publicly owned investment manager. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds. It manages separate client focused equity, balanced, and fixed income portfolios.
Finally, Abercrombie & Fitch Co. (NYSE:ANF), gained 0.81%, and is now trading at $27.40.
Abercrombie & Fitch Co., declared that Fran Horowitz, President of its Hollister brand, has been promoted to President & Chief Merchandising Officer of the Company, effective right away. In this newly created position, Horowitz will have responsibility for all of the Company’s brands, reporting to Arthur C. Martinez, Executive Chairman.
“Abercrombie & Fitch Co. continues to make encouraging progress executing on its strategy to provide compelling, customer-focused shopping experiences based on clearly defined brand positions. We are happy with our performance for the quarter to date and are on track to deliver continued sequential improvement in comparable sales and achieve the profit expectations we had coming into the quarter,” said Arthur Martinez, Executive Chairman of Abercrombie & Fitch Co. “Fran’s merchandising skills and her exceptional leadership, which has inspired associates to focus all their efforts on an intense understanding and commitment to our customers, has ignited a turnaround at our Hollister brand. This promotion provides Fran the opportunity to play an even greater role in our future success as we focus on building shareholder value by positioning each of our brands for sustainable growth.”
As President & Chief Merchandising Officer, Horowitz will have responsibility for all customer-facing activities across the company’s brands. This comprises, merchandising, design, planning, inventory administration, marketing and stores. At the appropriate time, the company anticipates to name new presidents for each of its brands, who will report to Horowitz.
Abercrombie & Fitch Co., through its auxiliaries, operates as a specialty retailer of apparel for men, women, and kids. The company operates through three segments: U.S. Stores, International Stores, and Direct-to-Consumer.
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