Search
Monday 22 June 2015
  • :
  • :
Latest Update

Pre-Market Stocks Roundup: Sirius XM Holdings, (NASDAQ:SIRI), FreeSeas, (NASDAQ:FREE), The Charles Schwab Corporation, (NYSE:SCHW)

On Thursday, Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI), gained 2.65% to $3.87.

SiriusXM declared that it will broadcast performances and backstage interviews from the Electric Daisy Carnival in Las Vegas, from Friday, June 19 through Sunday, June 21, on SiriusXM’s Electric Area channel.

The exclusive radio broadcast will comprise performances by Above & Beyond, Afrojack, Andrew Rayel, Armin van Buuren, Benny Benassi, 3Lau, Calvin Harris, Dannic, Danny Avila, Dash Berlin, Dyro, Dzeko & Torres, Eric Prydz, Fatboy Slim, Firebeatz, Hardwell, Laidback Luke, Martin Garrix, Martin Solveig, MOTi, Nicky Romero, Tiësto, Yellow Claw and many more.

Sirius XM Holdings Inc., through its auxiliaries, provides satellite radio services in the United States. The company broadcasts music plus sports, entertainment, comedy, talk, news, traffic, and weather programs, counting various music genres ranging from rock, pop and hip-hop to country, dance, jazz, Latin, and classical; live play-by-play sports from principal leagues and colleges; multitude of talk and entertainment channels for various audiences; national, international, and financial news; and local traffic reports for 22 metropolitan markets.

Shares of FreeSeas Inc. (NASDAQ:FREE), declined -22% to $0.08, during its last trading session.

FreeSeas, declared that at the annual meeting of the Company’s shareholders held on June 12, 2015, the shareholders: (i) re-elected Mr. Xenophon Galinas to the Board of Directors for another three year term; (ii) ratified the appointment of RBSM LLP, as our independent registered public accounting firm for the fiscal year ending December 31, 2015; and (iii) granted discretionary authority to the Company’s board of directors to (A) amend the Amended and Restated Articles of Incorporation of the Company to effect one or more consolidations of the issued and outstanding shares of common stock, following which the shares of common stock would be combined and reclassified into one share of common stock at a ratio within the range from 1-for-2 up to 1-for-50 and (B) determine whether to arrange for the disposition of fractional interests by shareholder entitled thereto, to pay in cash the fair value of fractions of a share of common stock as of the time when those entitled to receive such fractions are determined, or to entitle shareholder to receive from the Company’s transfer agent, in lieu of any fractional share, the number of shares of common stock rounded up to the next whole number, offered that, (X) that the Company shall not effect Reverse Stock Splits that, in the aggregate, exceeds 1-for-50, and (Y) any Reverse Stock Split is accomplished no later than the first anniversary of the date of the Annual Meeting.

FreeSeas Inc., through its auxiliaries, provides drybulk shipping services. Its vessels carry various drybulk commodities, such as iron ore, grain, and coal, in addition to bauxite, phosphate, fertilizers, steel products, cement, sugar, and rice.

Finally, The Charles Schwab Corporation (NYSE:SCHW), ended its last trade flat, and closed at $33.07.

Charles Schwab Bank, a wholly-owned partner of The Charles Schwab Corporation, revealed the results of its 2015 company-run stress test under the “severely adverse” scenario offered by the Office of the Comptroller of the Currency.

In accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act, Charles Schwab Bank is required to conduct company-run stress tests annually and publicly disclose a summary of certain results.

The Charles Schwab Corporation, through its auxiliaries, provides wealth administration, securities brokerage, banking, money administration, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. It offers brokerage products, such as brokerage accounts; individual retirement accounts; retirement plans for small to large businesses; 529 college savings accounts; designated brokerage accounts; equity incentive plan accounts; and margin loans, in addition to access to fixed income securities, equity and debt offerings, options, and futures.

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.




Leave a Reply

Your email address will not be published. Required fields are marked *