On Friday, Following U.S. Stocks were among the “Top Losers”: SandRidge Energy, Inc. (NYSE:SD), Allegheny Technologies Inc. (NYSE:ATI), Gevo, Inc. (NASDAQ:GEVO), Rowan Companies plc (NYSE:RDC)
Allegheny Technologies Incorporated (NYSE:ATI), with shares declined -5.76%, closed at $29.76.
SandRidge Energy Inc (NYSE:SD), with shares dropped -5.73%, settled at $1.48.
Gevo, Inc (NASDAQ:GEVO), with shares dipped -4.93%, and closed at $0.247.
Rowan Companies PLC (NYSE:RDC), plummeted -5.56%, and closed at $18.00.
Latest NEWS regarding these Stocks are depicted underneath:
Allegheny Technologies Inc. (NYSE:ATI)
Formerly on February 26, Allegheny Technologies Inc. (ATI), declared that David J. Morehouse has been elected to the ATI Board of Directors. His election raises the number of directors to eleven.
Mr. Morehouse, 54, is Chief Executive Officer and President of Pittsburgh Penguins LLC, which owns and operates the Pittsburgh Penguins National Hockey League team. He was named President of the Pittsburgh Penguins in April 2007 and has also served as Chief Executive Officer since September 2010. He joined the Pittsburgh Penguins in 2004 as a consultant for special projects, counting the team’s new arena. Preceding to joining the Pittsburgh Penguins, Mr. Morehouse worked on several presidential political campaigns and held positions in the White House and the Pentagon. Mr. Morehouse started his career as a boilermaker before attending the Community College of Allegheny County and Duquesne University. He holds a Master’s Degree in Public Administration from Harvard University’s John F. Kennedy School of Government.
Mr. Morehouse has been designated to serve on the Audit Committee and the Technology Committee and will stand for election at the 2015 Annual Meeting of Stockholders.
Allegheny Technologies Incorporated is one of the largest and most diversified specialty materials and components producers in the world with proceeds of about $4.2 billion in 2014. ATI has about 9,700 full-time employees world-wide who use innovative technologies to offer global markets a wide range of specialty materials solutions.
On Friday, In response to drop down in oil prices and following the International Energy Agency’s monthly report for February, SandRidge Energy, Inc. (SD)’s shares declined.
West Texas crude oil for April delivery was dropping down 4% to $45.17 a barrel Friday afternoon and Brent crude oil for April delivery was dropping down 2.6% to $55.62 a barrel.
Gevo, Inc. (NASDAQ:GEVO)
Formerly on March 9, Gevo, Inc. (GEVO), declared that the National Aeronautics and Space Administration (NASA) has purchased Gevo’s renewable Alcohol-to-Jet fuel (ATJ) for aviation use at the NASA Glenn Research Center in Cleveland, OH. Gevo’s ATJ is manufactured at its demonstration biorefinery located in Silsbee, TX, using renewable isobutanol produced at its Luverne, MN, isobutanol plant. The biorefinery, where Gevo also produces bio-paraxylene and bio-isooctane, is operated in conjunction with South Hampton Resources.
Since its founding, NASA has been dedicated to the advancement of aeronautics and space technologies. Over the past several years, NASA has been studying the effects of alternate bio-fuels on engine performance, emissions and aircraft-generated contrails at altitudes typically flown by commercial airliners. Results from recent tests showed that a blend of renewable jet fuel and standard jet fuel significantly reduced emissions, as contrast to using standard jet fuel alone, while not affecting flight operations.
“Gevo’s patented ATJ fuel is a true drop-in fuel, designed to be fully compliant with aviation fuel specifications and provide equal performance, counting fit-for-purpose properties and engine compatibility,” said Dr. Patrick Gruber, Gevo’s chief executive officer. “It is exciting to be working with NASA, a true leader in innovation worldwide.”
Gevo is a leading renewable technology, chemical products, and next generation bio-fuels corporation. Gevo has developed proprietary technology that uses a combination of synthetic biology, metabolic engineering, chemistry and chemical engineering to focus primarily on the production of iso-butanol, in addition to related products from renewable feed-stocks.
Rowan Companies plc (NYSE:RDC)
Following the news that numerous oil corporation debt sits at worried levels, U.S. crude oil has struggled and settled down 3.4 percent at $48.29 per barrel on Tuesday. Dipping crude prices in the last year have forced oil companies into job and rig cuts even as consumers enjoyed falling gas prices.
Some oil stocks have seen a huge slip in just the last month. For instance, Clayton Williams Energy and Rowan Companies plc (RDC), have shed about 31 and 21 percent, respectively, in that span. On Friday, the shares of Rowan Companies, dropped to the worst level as the stock hit its worst price of the year of $17.85.
Rowan Companies plc provides offshore oil and gas contract drilling services. It operates a fleet of 30 self-elevating mobile offshore jack-up drilling units, in addition to 3 ultra-deepwater drill ships.
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