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Wednesday 10 June 2015
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Volume Active Stocks Overview: Quanta Services (NYSE:PWR), Sabre (NASDAQ:SABR), Old Dominion Freight Line (NASDAQ:ODFL), Memorial Resource Development (NASDAQ:MRD)

On Tuesday, Quanta Services Inc (NYSE:PWR)’s shares inclined 1.80% to $30.03.

Quanta’s presentation for the Credit Suisse Engineering & Construction Conference will be broadcast live over the Internet. Live webcast links will be accessible on Quanta’s website at www.quantaservices.com and will also be archived for replay on the website and through the Quanta Services Investor Relations app for iPhone, iPad and Android devices.

Quanta Services Inc (PWR) declared that company administration will present at the Credit Suisse Engineering & Construction Conference to be held June 4, 2015, in New York City. Jim O’Neil, president and chief executive officer and Derrick Jensen, chief financial officer, will present at the Credit Suisse Engineering & Construction Conference on Thursday, June 4, 2015, at 10:10 a.m. eastern time.

Quanta Services, Inc. provides specialty contracting services to the electric power, and oil and gas industries in North America and internationally. The company’s Electric Power Infrastructure Services segment provides network solutions comprising design, installation, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure, and substation facilities. It also provides emergency restoration services, counting the repair of infrastructure. In addition, this segment designs, installs, and maintains renewable energy generation facilities comprising solar, wind, and various types of natural gas generation facilities.

Sabre Corp (NASDAQ:SABR)’s shares dropped -1.59% to $26.05.

Sabre Corp (SABR) has partnered with Star Alliance to offer automated Round the World (RTW) and Circle Trip (CT) airfares through the Sabre GDS.

Earlier this year, Sabre declared its partnership with the Airline Tariff Publishing Company (ATPCO) to create a new industry standard for purchasing RTW and CT fares. The new automated booking technology will assist travel agents reduce the cost of selling RTW and CT products, which, in turn, will enhance sales of these itineraries for carriers.

This new Sabre technology provides a complete fare price to the agent for the passenger’s entire journey. Formerly, when booking multi-destination RTW itineraries for travelers, agents had to manually construct the fare after calculating the mileage and checking the fare conditions of a passenger’s journey. Agencies will also benefit from reduced Agency Debit Memo costs (ADMs), sent by airlines when there is a discrepancy between the fare sold to the customer by the agency and the airline’s published price.

Sabre Corporation provides technology solutions to the travel and tourism industry worldwide. It operates in two segments: Travel Network, and Airline and Hospitality Solutions.

At the end of Tuesday’s trade, Old Dominion Freight Line (NASDAQ:ODFL)‘s shares dipped -1.34% to $67.50.

Old Dominion Freight Line (ODFL) stated a year-over-year enhance in its less-than-truckload (“LTL”) tons per day for May 2015 of 9.6%, which followed comparable-period growth of 9.7% for April 2015. Based on these results, Old Dominion updated its 2015 second-quarter expectations for growth in LTL tons per day to a range of 9.5% to 10.0% over the second quarter of 2014 from the formerly revealed range of 9.0% to 10.0%. The Company also updated its expectations for year-over-year growth in LTL revenue per hundredweight, not taking into account fuel surcharges, for its second quarter of 2015 to a range of 5.0% to 5.5% from the formerly revealed range of 5.5% to 6.5%.

Old Dominion Freight Line, Inc. operates as a less-than-truckload (LTL) motor carrier in North America. It provides regional, inter-regional, and national LTL services, counting ground and air expedited transportation, and consumer household pickup and delivery. The company also offers various value-added services comprising international freight forwarding, container drayage, truckload brokerage, supply chain consulting, and warehousing. As of December 31, 2014, it owned 6,907 tractors and 27,259 trailers, in addition to operated 222 service centers.

Memorial Resource Development Corp (NASDAQ:MRD), ended its Tuesday’s trading session with 2.14% gain, and closed at $19.54.

Memorial Resource Development Corp (MRD) declared that John A. Weinzierl, Chief Executive Officer, and Andrew J. Cozby, Senior Vice President and Chief Financial Officer, are planned to take part at the following investor conferences:

  • Raymond James Boston Spring Investors Conference in Boston, Massachusetts on Tuesday, June 9, 2015; and
  • Tudor, Pickering, Holt & Co. Hotter ‘N Hell Conference in Houston, Texas on Wednesday, June 17, 2015 through Thursday, June 18, 2015.

Memorial Resource Development Corp., an independent natural gas and oil company, focuses on the acquisition, exploitation, and development of natural gas, natural gas liquids, and oil properties primarily in North Louisiana. As of December 31, 2014, the company held leasehold interest in 210,854 net acres; and had estimated proved reserves of about 1,632 billion cubic feet of natural gas equivalent. The company was founded in 2011 and is based in Houston, Texas.

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