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Most Active Stocks In Focus – Twitter Inc (NYSE:TWTR), Whiting Petroleum Corp (NYSE:WLL), Freeport-McMoRan Inc (NYSE:FCX)

Most Active Stocks In Focus - Twitter Inc (NYSE:TWTR), Whiting Petroleum Corp (NYSE:WLL), Freeport-McMoRan Inc (NYSE:FCX)

March 24, 2015 3:19 pm by: Category: Business & Finance Leave a comment A+ / A-

Following U.S. Stocks are among the “Most Active” Stocks in the course of recent trading session, Tuesday: Twitter Inc (NYSE:TWTR), Whiting Petroleum Corp (NYSE:WLL), Freeport-McMoRan Inc (NYSE:FCX)

  • Twitter Inc (NYSE:TWTR), with shares gained 5.04% is now trading at $50.90. The Stock is active as 12.94M shares changed hands versus its average volume of 16.89M shares.
  • Whiting Petroleum Corp (NYSE:WLL), with shares dwindled -20.19% is now trading at $30.61. The Stock is active as 25.37M shares changed hands versus its average volume of 9.18M shares.
  • Freeport-McMoRan Inc (NYSE:FCX), with shares declined -0.78% is now trading at $19.18. The Stock is active as 15.82M shares changed hands versus its average volume of 17.97M shares.

Latest NEWS regarding these Stocks are depicted underneath:

Whiting Petroleum Corp. (NYSE:WLL)

Today, Whiting Petroleum Corp. (WLL), declared that it has priced $1.0 billion aggregate principal amount of 1.25% convertible senior notes due 2020 in a private unregistered offering. The initial purchasers have a 30-day option to purchase up to an additional $250.0 million aggregate principal amount of convertible senior notes. The convertible senior notes were priced at par. The offering is predictable to close on March 27, 2015, subject to customary conditions.

Whiting also declared by separate press release that it has priced a public offering of 35,000,000 shares of its ordinary stock for total net proceeds of about $1.0 billion, after deducting underwriter’s discounts and commissions. The underwriter in that offering has a 30-day option to purchase up to an additional 5,250,000 shares of Whiting’s ordinary stock. Whiting also formerly declared that it had commenced a private unregistered offering to eligible purchasers of $750 million aggregate principal amount of senior notes due 2023.

The convertible senior notes will bear interest at a rate of 1.25% per year, payable semi-annually in arrears on April 1 and October 1, starting on October 1, 2015. The convertible senior notes will mature on April 1, 2020, unless earlier converted or repurchased.

Preceding to January 1, 2020, the convertible senior notes will be convertible only upon the occurrence of certain events and during certain periods, and thereafter, at any time until the second planned trading day right away preceding the maturity date of the convertible senior notes. The convertible senior notes will be convertible at an initial conversion rate of 25.6410 shares of Whiting’s ordinary stock per $1,000 principal amount of the convertible senior notes, which is equivalent to an initial conversion price of about $39.00, which represents an about 30% premium to the public offering price per share of Whiting’s ordinary stock in the concurrent public offering of Whiting’s ordinary stock. Upon conversion, Whiting will satisfy its conversion obligation by paying or delivering, as applicable, cash, shares of its ordinary stock or a combination of cash and shares of its ordinary stock, at its election.

Whiting anticipates to use the net proceeds from the offerings to repay all or a portion of the amount outstanding under its credit contract and any remainder for general corporate purposes.

Whiting Petroleum Corporation, an independent oil and gas corporation, attains, explores, develops, and produces crude oil, natural gas liquids, and natural gas in the Rocky Mountains and Permian Basin regions of the United States.

Freeport-McMoRan Inc. (NYSE:FCX)

Today, Freeport-McMoRan Inc. (FCX), declared that it has declared a cash dividend of $0.05 per share payable on May 1, 2015 to holders of record as of April 15, 2015 for its ordinary stock.

FCX’s Board of Directors reduced the quarterly dividend from the previous rate of $0.3125 per share in response to the influence of lower commodity prices. FCX’s Board reviews its financial policy on an ongoing basis and has a long-standing practice of distributing cash to shareholders. The Board anticipates increasing cash returns to shareholders as market and business conditions warrant.

FCX has a broad set of natural resource assets that provides many alternatives for future actions to enhance its financial flexibility. Additional capital cost reductions, potential additional divestitures or monetization’s and other actions will be pursued as required to maintain a strong balance sheet while preserving a strong resource position and portfolio of assets with attractive long-term growth prospects.

The declaration and payment of dividends is at the discretion of the Board and will depend on the corporation’s financial results, cash requirements, future prospects, and other factors deemed relevant by the Board.

FCX is a premier U.S.-based natural resources corporation with an industry-leading global portfolio of mineral assets, noteworthy oil and gas resources and a growing production profile. FCX is the world’s largest publicly traded copper producer.

Freeport-McMoRan Inc., a natural resource corporation, engages in the attainment of mineral assets, and oil and natural gas resources. It primarily explores for copper, gold, molybdenum, cobalt, silver, and other metals, in addition to oil and gas.

Twitter, Inc. (NYSE:TWTR)

Twitter, Inc. (TWTR), has reached a partnership with Foursquare that has the potential to boost advertising revenue with more precise location data.

The partnership, declared Monday, will allow Twitter users to add their precise location in Tweets, using data from Foursquare.

Twitter, currently allows users to tag tweets with general geographic locations like New York City or Los Angeles. In the declaration Twitter said, using Four square’s data, accessible from a drop-down menu, users will be able to tag tweets with the name of a specific business, store, landmark or other point of interest, or the coordinates of the street intersection. Terms of the Foursquare deal were not declared.

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.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.

Most Active Stocks In Focus - Twitter Inc (NYSE:TWTR), Whiting Petroleum Corp (NYSE:WLL), Freeport-McMoRan Inc (NYSE:FCX) Reviewed by on . Following U.S. Stocks are among the "Most Active" Stocks in the course of recent trading session, Tuesday: Twitter Inc (NYSE:TWTR), Whiting Petroleum Corp (NYSE Following U.S. Stocks are among the "Most Active" Stocks in the course of recent trading session, Tuesday: Twitter Inc (NYSE:TWTR), Whiting Petroleum Corp (NYSE Rating: 0

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