On Friday, Genworth Financial Inc(NYSE:GNW)’s shares declined -0.85% to $7.01.
Genworth Financial Inc (GNW) has lost half its market value in the last year, but one large trade is betting that further declines will be limited.
optionMONSTER’s tracking systems detected the sale of 8,330 December 6 puts in one print for the bid price of $0.23 right out of the gate this morning. This is clearly a new position, as open interest in the strike was just 1,211 contracts before the trade occurred.
The put seller collects the $0.23 premium and is looking for GNW to stay above $6 through expiration in mid-December. If the stock falls below that strike price, the trader will be on the hook to buy shares at that level.
GNW is unchanged at $8 in early trade but down some 53 percent in the last 12 months. The insurance firm gapped up after its last earnings report in late April but has since given up those gains and fallen back into a tight range that has been in place for most of the year.
Genworth Financial, Inc. provides insurance, retirement, and homeownership solutions in the United States and internationally. It operates through U.S. Life Insurance, International Mortgage Insurance, U.S. Mortgage Insurance, International Protection, and Runoff segments.
Civeo Corp(NYSE:CVEO)’s shares gained 16.94% to $2.14.
Civeo Corporation (CVEO) stated financial results for the second quarter ended June 30, 2015.
SECOND QUARTER 2015 RESULTS
In the second quarter of 2015, the Company generated revenues of $143.1 million, EBITDA of $28.8 million and Adjusted EBITDA of $40.7 million. Net loss for the quarter was $13.5 million, or $0.13 per diluted share, inclusive of a $6.6 million (or $0.06 per diluted share) after-tax loss related to the impairment of fixed assets at a village in Australia and a $1.6 million (or $0.02 per diluted share) after-tax loss from costs incurred in connection with the migration to Canada.
(EBITDA is defined as net income plus interest, taxes, depreciation and amortization and Adjusted EBITDA is defined as EBITDA adjusted to exclude impairment charges and certain other costs such as those associated with the spin-off and the migration).
In the second quarter of 2014, the Company generated revenues of $227.1 million. Net income in the year ago period was $13.9 million, or $0.13 per diluted share, which comprised of a $0.09 per diluted share after-tax loss from transition costs, debt extinguishment costs and an impairment incurred in connection with the spin-off from Oil States, a $0.03 per diluted share after-tax loss from severance costs associated with the termination of an executive, and a $0.02 per diluted share after-tax loss from the impairment of assets, and for which the return or reimbursement is unlikely. EBITDA and Adjusted EBITDA in the second quarter of 2014 were $59.0 million and $76.6 million, respectively.
Civeo Corporation provides remote site accommodations for the natural resource industry in Australia, Canada, and the United States. It also offers facility administration services, counting food services; customized facility administration information systems that provide clients with the tools and information necessary to manage the allocation of contracted rooms and service days; and support services, such as housekeeping and janitorial services, facility maintenance, laundry, communications, supply chain and logistics administration, power generation, and transportation and personnel logistics.
At the end of Friday’s trade, Mueller Water Products, Inc. (NYSE:MWA)‘s shares surged 4.69% to $8.93.
Mueller Water Products, Inc. (MWA) declared that its Board of Directors declared a quarterly dividend of 2 cents ($0.02) per share, payable on or about August 20, 2015, to stockholders of record as of the close of business on August 10, 2015.
Mueller Water Products, Inc. manufactures and markets products and services for the use in transmission, distribution, and measurement of water in the United States, Canada, and internationally. The company operates in two segments, Mueller Co. and Anvil.
Bank of New York Mellon Corp(NYSE:BK), ended its Friday’s trading session with -1.18% loss, and closed at $43.41.
The Bank of New York Mellon Corporation (BK) stated second quarter net income applicable to common shareholders of $830 million, or $0.73 per diluted common share, or $868 million, or $0.77 per diluted common share, adjusted for litigation and restructuring charges. In the second quarter of 2014, net income applicable to common shareholders was $554 million, or $0.48 per diluted common share, or $715 million, or $0.62 per diluted common share, adjusted for the charges related to investment administration funds and severance. In the first quarter of 2015, net income applicable to common shareholders was $766 million, or $0.67 per diluted common share. (b)
The Bank of New York Mellon Corporation, an investment company, provides financial products and services to institutions, corporations, and high net worth individuals in the United States and internationally. It operates through two segments, Investment Administration and Investment Services.
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