On Tuesday, Shares of MPLX LP (NYSE:MPLX), gained 4.58% to $36.76.
Marathon Petroleum Corporation (MPC) President and Chief Executive Officer Gary R. Heminger declared changes in the company`s senior administration structure that will be effective Jan. 1, 2016.
Donald C. Templin, executive vice president, Supply, Transportation and Marketing, has been named president, MPLX (MPLX). Templin will continue to report to Heminger and remain an executive vice president of MPC. He will be located in Findlay.
Also effective Jan. 1, Pamela K. M. Beall, MPC`s senior vice president, Corporate Planning, Government and Public Affairs, will become executive vice president, Corporate Planning and Strategy at MPLX, reporting to Templin. She will also remain in Findlay.
MPLX LP owns, operates, develops, and acquires pipelines and other midstream assets related to the transportation and storage of crude oil, refined product, and other hydrocarbon-based products in the United States.
Shares of ARRIS Group, Inc. (NASDAQ:ARRS), declined -0.07% to $29.61, during its last trading session.
ARRIS Group, declared that the mandatory waiting period with respect to the formerly declared approval granted by Brazil’s competition authority CADE has expired. As a result, all merger control closing conditions worldwide have now been met. The formerly issued court order regarding the scheme of arrangement governing the acquisition of Pace plc will be delivered to the U.K. Registrar of Companies on January 4, 2016, and the combination will be accomplished the same day.
ARRIS Group, Inc. provides media entertainment and data communications solutions in the United States and internationally. The company operates in two segments, Customer Premises Equipment and Network & Cloud. The Customer Premises Equipment segment offers various product solutions, counting set-top boxes, gateways, digital subscriber lines and cable modems, and embedded multimedia terminal adapters and voice/data modems that enable service providers to offer voice, video, and high-speed data services to residential and business subscribers.
Finally, Pier 1 Imports Inc (NYSE:PIR), ended its last trade with -0.59% loss, and closed at $5.08.
Park Lane Advisor has initiated coverage on the following equities: Pier 1 Imports Inc. (PIR), The Container Store Group Inc. (TCS), TravelCenters of America LLC (TA), and Marinemax Inc. (HZO). Free research report on Pier 1 Imports can be accessed at http://www.parklaneadvisor.com/ On Friday, December 18, 2015, the NASDAQ Composite ended at 4,923.08, down 1.59%, the Dow Jones Industrial Average declined 2.10%, to finish the day at 17,128.55, and the S&P 500 closed at 2,005.55, down 1.78%. The losses were broad based as all the sectors ended the session in negative. Register for your complimentary reports at the links given below.
On Friday, shares in Pier 1 Imports Inc. recorded a trading volume of 7.90 million shares, higher than their three months average volume of 3.29 million shares. The stock ended the day 1.05% higher at $4.80. Shares of the company traded at a PE ratio of 7.87. Pier 1 Imports Inc.’s stock has plummeted 25.12% in the last one month, 47.28% in the previous three months and 68.08% on YTD basis. The company is trading below its 50-day and 200-day moving averages by 30.68% and 54.30%, respectively. Furthermore, shares of Pier 1 Imports Inc. have a Relative Strength Index (RSI) of 28.58.
Pier 1 Imports, Inc. engages in the retail sale of decorative home furnishings, furniture, gifts, and related items. The company offers decorative accents and textiles, such as rugs, wall decorations and mirrors, pillows, bedding, lamps, vases, dried and artificial flowers, baskets, ceramics, dinnerware, candles, fragrance, gift, and seasonal items.
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