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Thursday 28 May 2015
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Bearish Runners Of U.S. Stock Market - Zeltiq Aesthetics (NASDAQ:ZLTQ), Patterson-UTI Energy, (NASDAQ:PTEN), Nabors Industries (NYSE:NBR), Gevo, (NASDAQ:GEVO)

On Tuesday, Zeltiq Aesthetics Inc (NASDAQ:ZLTQ)’s shares declined -6.56% to $26.23.

Zeltiq Aesthetics Inc (ZLTQ) declared financial results for the first quarter 2015.

First Quarter 2015 Financial Review

Total revenue for the first quarter 2015 was $51.6 million, comprising of $26.2 million of system revenue and $25.4 million of consumable revenue. This compares to total revenue of $31.0 million, comprising of $14.5 million of system revenue and $16.5 million of consumable revenue for the first quarter 2014. Total revenue cycles shipped raised 64% to 207,287 for the first quarter 2015, contrast to 126,059 for the first quarter 2014.

ZELTIQ Aesthetics, Inc., a medical technology company, engages in developing and commercializing non-invasive products for the selective reduction of fat. It offers CoolSculpting system, which utilizes proprietary controlled cooling technology to selectively reduce stubborn fat bulges.

Patterson-UTI Energy, Inc. (NASDAQ:PTEN)’s shares dropped -6.26% to $20.06.

Patterson-UTI Energy, Inc. (PTEN) declared that it successfully accomplished a MagneGas2® presentation to a second top ten utility company in the United States. Formal demonstration and testing has been planned for June. In February, MagneGas2® was accepted by one of the nation’s top 5 utilities as a replacement for acetylene because of its improved productivity and safety features.

Officials for the company viewed a MagneGas presentation and indicated an interest in MagneGas® productivity and safety features. A formal demonstration and testing is planned for June, during which time the utility company indicated they would invite other local utility companies in the area to attend. They specified that they were interested in using MagneGas® for repairs and demolition projects.

Patterson-UTI Energy, Inc., through its auxiliaries, provides onshore contract drilling services to major and independent oil and natural gas operators in the United States and Canada.

At the end of Tuesday’s trade, Nabors Industries Ltd. (NYSE:NBR)‘s shares dipped -6.05% to $14.76.

Nabors Industries Ltd. (NBR) Board of Directors declared a cash dividend of $0.06 per common share, which will be paid on June 30, 2015 to shareholders of record at the close of business on June 9, 2015.

Nabors Industries Ltd., together with its auxiliaries, provides drilling and rig services. The company offers rig instrumentation, optimization software, and directional drilling services. It also provides completion, life-of-well maintenance, and plugging and abandonment of a well.

Gevo, Inc. (NASDAQ:GEVO), ended its Tuesday’s trading session with -6.01% loss, and closed at $2.97.

Gevo, Inc. (GEVO) declared that Dr. Patrick Gruber, Gevo’s Chief Executive Officer, will take part on a panel at the Cowen and Company 43rd Annual Technology, Media & Telecom Conference on Thursday, May 28, 2015 at 2:45 PM EDT. The conference is being held at The New York Palace Hotel in New York City.

Gevo, Inc., a renewable chemicals and biofuels company, focuses on the development and commercialization of alternatives to petroleum-based products based on isobutanol produced from renewable feedstocks. The company operates in two segments, Gevo, Inc.; and Gevo Development/Agri-Energy.

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