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Saturday 27 June 2015
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Pre-Market Stocks Roundup: Chesapeake Energy Corporation (NYSE:CHK), EMC Corporation (NYSE:EMC), Medtronic plc (NYSE:MDT),

On Tuesday, Shares of Chesapeake Energy Corporation (NYSE:CHK), lost -0.93% to $11.78, despite oil prices gained Tuesday, fueled by expectations of a drop in U.S. crude-oil and gasoline supplies.

The U.S. crude-oil benchmark, known as West Texas Intermediate, settled up 63 cents, or 1%, at $61.01 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, rose $1.11, or 1.8%, to $64.45 a barrel on ICE Futures Europe. WSJ Reports.

Chesapeake Energy Corporation engages in the acquisition, exploration, and development of properties for the production of oil, natural gas and natural gas liquids (NGL) from underground reservoirs in the United States.

Shares of EMC Corporation (NYSE:EMC), inclined 0.59% to $27.46, during its last trading session.

Gladstone Commercial Corporation (GOOD) stated that it purchased a three-story, 86,409 square foot, single-tenant office building located in Draper, Utah, for $22.2 million at an average cap rate of 7.95%. The Class A property is leased to EMC Corporation (EMC) through December 2021. The property is located in the Lone Peak Center Office Park, a master-planned park in the southeast submarket of Salt Lake City, Utah and serves as one of EMC’s eight global Centers of Excellence.

EMC is a leading technology company that develops, delivers, and supports IT storage hardware and cloud computing software to customers around the world. EMC is rated A/A1 by S&P and Moody’s respectively.

EMC Corporation develops, delivers, and supports information infrastructure and virtual infrastructure technologies, solutions, and services. It offers enterprise storage systems and software deployed in storage area networks (SAN), networked attached storage (NAS), unified storage combining NAS and SAN, object storage, and/or direct attached storage environments, in addition to provides a portfolio of backup products that support a range of enterprise application workloads.

Finally, Medtronic plc (NYSE:MDT), ended its last trade with -0.78% loss, and closed at $76.61.

Medtronic, declared that on May 8, 2015, it began notifying hospitals and distributors worldwide that affected lots of its Covidien Shiley(TM) tracheostomy tubes were formed with a wider-angle bend than standard models manufactured after November 29, 2012.

The company initiated the field action following a small number of customer complaints that comprised of reports of 12 serious patient injuries, such as breathing difficulties that influenced oxygen levels right away upon tube placement or discomfort. Replacement of the tracheostomy tube with product manufactured preceding to November 29, 2012 addressed the patient breathing difficulty or discomfort. The notification requested all customers and distributors to quarantine and discontinue use of all potentially affected units and return the affected product to the company as soon as possible for credit.

Medtronic plc, a healthcare solutions company, provides medical technologies, services, and solutions worldwide. It operates through three segments: Cardiac and Vascular Group, Restorative Therapies Group, and Diabetes Group.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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