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Monday 20 April 2015
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Stocks Closed below Support Line: Hornbeck Offshore Services, (NYSE:HOS), United States Steel (NYSE:X), Basic Energy Services, (NYSE:BAS), Organovo Holdings (NYSEMKT:ONVO)

On Thursday, Hornbeck Offshore Services, Inc. (NYSE:HOS)’s shares declined -4.37% to $23.65.

Hornbeck Offshore Services, Inc. (HOS) declared that it will release its first quarter 2015 financial results after the market closes on Wednesday, April 29, 2015. In conjunction with the release, the Company has planned a conference call, which will be broadcast live over the Internet, on Thursday, April 30, 2015 at 10:00 a.m. Eastern (9:00 a.m. Central).

Hornbeck Offshore Services, Inc., through its auxiliaries, operates offshore supply vessels (OSVs) and multi-purpose support vessels (MPSVs) in the U.S. Gulf of Mexico, Latin America, and internationally. It provides marine transportation, subsea installation, and accommodation support services to exploration and production, oilfield service, offshore construction, and U.S. military customers.

United States Steel Corporation (NYSE:X)’s shares dropped -4.32% to $26.15.

United States Steel Corporation (X) declared two administration changes at its European and North American operating facilities. Scott Buckiso has been named vice president – European Solutions and president – U. S. Steel Kosice, succeeding George Babcoke, who has elected to retire following 39 years of service with the company. Amy Smith-Yoder will succeed Buckiso as general manager – Mon Valley Works. The changes are effective May 31.

United States Steel Corporation produces and sells flat-rolled and tubular steel products in North America and Europe. It operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment offers slabs, rounds, strip mill plates, sheets, and tin mill products. This segment serves customers in the service center, conversion, transportation, construction, container, and appliance and electrical markets.

At the end of Thursday’s trade, Basic Energy Services, Inc (NYSE:BAS)‘s shares dipped -4.20% to $8.90.

Basic Energy Services, Inc (BAS) declared it will release its first quarter 2015 financial results after the market closes on Thursday, April 23, 2015. In conjunction with the release, Basic has planned a conference call that will be broadcast live over the Internet on Friday, April 24, 2015, starting at 9:00 a.m. Eastern Time (8:00 a.m. Central Time).

Basic Energy Services, Inc. provides well site services to oil and natural gas drilling and producing companies in the United States. Its Completion and Remedial Services segment offers pumping services, such as cementing, acidizing, fracturing, nitrogen, and pressure testing; rental and fishing tools; coiled tubing; snubbing services; thru-tubing; cased-hole wireline services; and underbalanced drilling in low pressure and fluid sensitive reservoirs.

Organovo Holdings Inc (NYSEMKT:ONVO), ended its Thursday’s trading session with -4.07% loss, and closed at $4.72.

Organovo Holdings Inc (ONVO) a three-dimensional biology company focused on delivering breakthrough 3D bioprinting technology, presented data on the company’s in vitro three-dimensional kidney tissue at the 2015 Experimental Biology conference in Boston, Massachusetts.

For the first time, fully human kidney proximal tubular tissues have been generated that is three-dimensional, and comprise of multiple tissue-relevant cell types arranged to recapitulate the renal tubular / interstitial interface. The tissues are fabricated using Organovo’s proprietary NovoGenTM bioprinting platform, and will ultimately join the company’s exVive3DTM Liver tissues to expand the repertoire of physiologically-relevant tissue systems accessible for toxicity and efficacy testing in addition to disease modeling. Dr. Sharon Presnell, Chief Technology Officer and Executive Vice President of Research and Development, stated, “Our bioprinted human kidney tissue represents a noteworthytechnical advance over the simple monolayer cell line cultures that predominate recently.

Organovo Holdings, Inc., a development-stage company, focuses on developing and commercializing functional human tissues that could be employed in drug discovery and development, biological research, and as therapeutic implants for the treatment of damaged or degenerating tissues and organs.

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