On Wednesday, Shares of E. I. du Pont de Nemours and Company (NYSE:DD), lost -0.41% to $66.23.
E I du Pont de Nemours and Company declared the following executive leadership changes, effective Jan. 1, 2016 to streamline the company for growth and simplify the organization.
James C. Collins, executive vice president, will lead the DuPont Agriculture business segment. Marc Doyle has been named executive vice president and will lead the Electronics & Communications, Industrial Biosciences, Nutrition & Health, Performance Materials and Safety & Protection business segments.
Richard C. Olson has been named senior vice president – Corporate Services and will assume responsibility for the Safety, Health & Environment, Operational Excellence, Facility Services & Real Estate, Sourcing & Logistics and Information Technology functions. Douglas Muzyka, senior vice president and chief science and technology officer, adds responsibility for Engineering Technologies and the company’s regional leadership.
E I du Pont de Nemours and Company operates as a science and technology based company worldwide. The company’s Agriculture segment offers corn hybrid, soybean, canola, sunflower, sorghum, inoculants, seed products, wheat, rice, herbicides, fungicides, and insecticides. Its Electronics & Communications segment provides various materials and systems, counting photopolymers and electronic materials for photovoltaic products, consumer electronics, displays, and advanced printing.
Shares of Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT), inclined 0.40% to $68.21, during its last trading session.
Starwood Hotels & Resorts Worldwide declared that Thomas B. Mangas, presently Executive Vice President and Chief Financial Officer, has been named Chief Executive Officer, effective December 31, 2015. The appointment follows the resignation of Adam Aron, who is leaving Starwood at the end of the month to become Chief Executive Officer and President of AMC Entertainment Holdings, Inc. (AMC). Starwood continues to expect its formerly declared acquisition by Marriott International Inc. (MAR) to close by mid-year 2016.
The Company also declared that Alan M. Schnaid, presently Senior Vice President, Corporate Controller and Principal Accounting Officer of Starwood, will be designated Chief Financial Officer, and Robyn Arnell, presently Vice President, Finance and Accounting Services, will assume the role of Corporate Controller.
Bruce W. Duncan, Chairman of the Board, said, “On behalf of Starwood’s Board of Directors, I would like to thank Adam for stepping in to lead our company during a pivotal time in Starwood’s history. He accomplished much during his tenure as CEO, and contributed in countless ways as a member of our Board for nearly a decade. He leaves the company in excellent hands with Tom, a valued leader on our team who was instrumental in our review of our planned alternatives and will continue to oversee the completion of our combination with Marriott.”
Starwood Hotels & Resorts Worldwide, Inc., together with its auxiliaries, operates as a hotel and leisure company worldwide. The company owns, operates, and franchises luxury and upscale full-service hotels, resorts, residences, retreats, select-service hotels, and extended stay hotels under the St. Regis, The Luxury Collection, W, Westin, Le Méridien, Sheraton, Four Points, Aloft, and Element brand names.
Finally, Shares of Ultra Petroleum Corp. (NYSE:UPL), ended its last trade with 5.18% surge, and closed at $2.03.
Park Lane Advisor has initiated coverage on the following equities: Ultra Petroleum Corporation (UPL), Bonanza Creek Energy Inc. (BCEI), Eclipse Resources Corporation (ECR), and Midcoast Energy Partners L.P. (MEP). Free research report on Ultra Petroleum can be accessed at https://www.ParkLaneAdvisor.com/UPL.pdf. On Monday, December 14, 2015, the NASDAQ Composite ended at 4,952.23, up 0.38%, the Dow Jones Industrial Average advanced 0.60%, to finish the day at 17,368.50, and the S&P 500 closed at 2,021.94, up 0.48%. The gains were broad based as seven out of nine sectors ended the session in positive.
Ultra Petroleum Corp.’s stock plummeted 21.17%, to finish Monday’s session at $2.16. A total of 12.47 million shares were traded, which was much above its three months average volume of 3.19 million shares. Over the last one month and the previous three months, Ultra Petroleum Corp.’s shares have declined 51.24% and 68.33%, respectively. Additionally, the stock has plummeted 83.59% since the starting of 2015. The company’s shares are trading below their 50-day and 200-day moving averages by 58.66% and 79.13%, respectively. Ultra Petroleum Corp.’s stock traded at a PE ratio of 1.61 and has a Relative Strength Index (RSI) of 19.11.
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.
