On Friday, Shares of Twitter, Inc. (NYSE:TWTR), lost -0.50% to $25.87, hitting its lowest level, after the stock dropped below its IPO price of $26 on Thursday.
The selloff began a few weeks ago when interim CEO Jack Dorsey said reversing the deceleration in user growth may take more time than predictable, Bloomberg reports.
Twitter’s stock price dropped to as low as $25.92 yesterday, together with various indexes affected by a weaker global economy.
So far this year, Twitter stock has slumped 28% as the company faces searching for a new CEO, adjusting features and managing new products, Bloomberg added.
Twitter, Inc. operates as a global platform for public self-expression and conversation in real time. It offers various products and services for users, counting Twitter that allows users to create, distribute, and discover content; and Vine and video, a mobile application that enables users to create and distribute short looping videos.
Shares of Transocean Ltd. (NYSE:RIG), declined -2.44% to $12.78, during its last trading session.
Transocean issued a monthly Fleet Update Summary, which comprises new contracts, changes to existing contracts, and changes in estimated planned out-of-service time of 15 or more days since the July 15, 2015 Fleet Status Report. The total value of new contracts since the last report is about $35 million.
The report comprises the following:
- Dhirubhai Deepwater KG2 - Awarded a contract extension for about three months offshore India at a dayrate of $295,000 ($25 million estimated backlog).
- Transocean Barents - Awarded a one well extension in the Norwegian North Sea at a dayrate of $300,000 ($10 million estimated backlog).
- The Sedco Express, GSF Rig 135, Actinia, Transocean Searcher and Transocean Prospect are idle.
Transocean Ltd., together with its auxiliaries, provides offshore contract drilling services for oil and gas wells worldwide. The company primarily offers deepwater and harsh environment drilling services.
Finally, Broadcom Corp. (NASDAQ:BRCM), ended its last trade with -2.06% loss, and closed at $48.43.
Broadcom Corporation declared it will pay its next quarterly cash dividend of $0.14 per share to holders of the Company’s common stock.
The $0.14 dividend was declared by the Board of Directors on August 13, 2015 and will be paid on September 14, 2015 to holders of record of the Company’s Class A and Class B common stock at the close of business on August 28, 2015.
Broadcom’s cash dividend policy and the payment of future cash dividends under that policy are subject to the Board’s ongoing determination that the dividend policy and the declaration of dividends are in the best interests of Broadcom’s shareholders and are in compliance with all laws and agreements of Broadcom applicable to the declaration and payment of cash dividends.
Broadcom Corporation provides semiconductor solutions for wired and wireless communications. Its products offer voice, video, data, and multimedia connectivity in the home, office, and mobile environments. The company operates in two segments: Broadband and Connectivity, and Infrastructure and Networking.
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