On Monday, Shares of Citigroup Inc. (NYSE:C), lost -0.81% to $56.65.
Citigroup, does not intend to issue any additional notes in its three series of C-Tracks ETNs. These ETNs, which will continue to trade on the NYSE Arca, are listed below:
- C-Tracks Exchange-Traded Notes Based on the Performance of the Citi Volatility Index Total Return Due November 12, 2020 (NYSE Arca:CVOL);
- C-Tracks Exchange-Traded Notes Based on the Performance of the Miller/Howard MLP Fundamental Index Due September 28, 2023 (NYSE Arca:MLPC); and
- C-Tracks Exchange-Traded Notes Miller/Howard Planned Dividend Reinvestor Due September 16, 2024 (NYSE Arca:DIVC).
Citigroup Inc., a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions worldwide. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
Shares of MGM Resorts International (NYSE:MGM), declined -1.03% to $19.23, during its last trading session, after analyst firm Susquehanna Financial lowered its price target for the casino operator.
In a note to investors discussing the gaming market in Macau, the analyst firm lowered its price target for MGM Resorts to $24 from $25, reiterating its “positive” rating, according to Benzinga.
Susquehanna analyst Rachel Rothman described the Macau gaming market as being “at a crossroads” due to concerns about table count, gaming revenue declines, and rumors of a complete smoking ban.” Rothman also noted that June is the first month of negative year over year gaming growth in Macau though some investors are optimistic that one year headlines could signal an “inflection” in the industry.
MGM Resorts International, through its auxiliaries, owns and/or operates casino resorts. It operates through two segments, Wholly Owned Domestic Resorts and MGM China. The company’s casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities.
Finally, Oasis Petroleum Inc. (NYSE:OAS), ended its last trade with -1.06% loss, and closed at $16.75, as oil prices slid on Monday amid bearish news on US industrial output and a breakdown in Greece’s debt talks.
Worries that US oil output is not declining and Saudi Arabia could further ratchet open its oil pumps also are keeping a ceiling on prices, analysts said.
US benchmark West Texas Intermediate for July delivery dropped 44 cents to US$59.52 a barrel contrast with Friday’s close. Brent North Sea crude for July shed US$1.28 to stand at US$62.61 a barrel in London trade.
Oasis Petroleum Inc., an independent exploration and production company, focuses on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
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.
