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Sunday 10 May 2015
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Stocks Closed in Red: Dreamworks Animation Skg (NASDAQ:DWA), Generac Holdings (NYSE:GNRC), Cliffs Natural Resources (NYSE:CLF), Bonanza Creek Energy (NYSE:BCEI)

On Friday, Dreamworks Animation Skg Inc (NASDAQ:DWA)’s shares declined -4.34% to $24.93.

Dreamworks Animation Skg Inc (DWA) will host its 2015 Annual Stockholders Meeting on Tuesday, May 26, 2015 at 11:00am (PT) / 2:00pm (ET).

The meeting will take place at the Loew’s Hollywood Hotel, 1755 North Highland Avenue, Hollywood, California 90028 and is open to all DreamWorks Animation stockholders of record as of April 1, 2015.

DreamWorks Animation SKG, Inc. engages in the development, production, and exploitation of animated films and their associated characters worldwide. The company operates in four segments: Feature Films, Television Series and Specials, Consumer Products, and New Media.

Generac Holdings Inc. (NYSE:GNRC)’s shares dropped -4.05% to $40.00.

Generac Holdings Inc. (GNRC) stated financial results for its first quarter ended March 31, 2015.

First Quarter 2015 Highlights

Net sales were $311.8 million during the first quarter of 2015 as contrast to $342.0 million in the preceding-year first quarter.

Residential product sales were $156.8 million during the first quarter as contrast to $164.0 million in the preceding-year quarter, primarily due to lower portable generator shipments resulting from a decline in power outage severity contrast to the preceding year.

Generac Holdings Inc. designs, manufactures, and markets power generation equipment and other engine powered products for the residential, light commercial, industrial, oil and gas, and construction markets in the United States, Canada, and internationally. It offers engines, alternators, transfer switches, and other components fueled by natural gas, liquid propane, gasoline, diesel, and bi-fuel.

At the end of Friday’s trade, Cliffs Natural Resources Inc (NYSE:CLF)‘s shares dipped -4.04% to $5.70.

Cliffs Natural Resources Inc (CLF) declared that it has accomplished the sale of its Chromite assets in Northern Ontario, Canada to Noront Resources Ltd. The assets were sold under a revised purchased agreement for US$27.5 million in cash, which is an enhance of U.S. $7.5 million over the formerly declared sale price of US$20 million.

The assets are comprised of three chromite deposits and associated claims held by Cliffs auxiliaries. The transaction closed recently following the approval of the sale by the court under the Companies’ Creditors Arrangement Act (“CCAA”) proceedings in Canada.

Cliffs Natural Resources Inc., a mining and natural resources company, produces iron ore and metallurgical coal. It operates five iron ore mines that produces iron ore pellets in Michigan and Minnesota; Koolyanobbing complex situated in northeast of the town of Southern Cross, which produces lump and fines iron ore; and two metallurgical coal mines located in Alabama and West Virginia.

Bonanza Creek Energy Inc (NYSE:BCEI), ended its Friday’s trading session with -3.99% loss, and closed at $26.46.

Bonanza Creek Energy Inc (BCEI) declared that it anticipates to release its first quarter 2015 financial and operating results after the close of trading on Thursday, May 7, 2015. In conjunction with Bonanza Creek`s release of its results, investors, analysts and other interested parties are invited to take part in a conference call with administration on Friday, May 8, 2015 at 8:00 a.m. MT (10:00 a.m. ET).

Bonanza Creek Energy, Inc., an independent energy company, engages in the acquisition, exploration, development, and production of onshore oil and associated liquids natural gas in the United States.

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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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