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Thursday 28 May 2015
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Stocks with Downward Movements: First Niagara Financial Group (NASDAQ:FNFG), GrubHub (NYSE:GRUB), Calpine (NYSE:CPN), Denbury Resources (NYSE:DNR)

On Friday, First Niagara Financial Group Inc. (NASDAQ:FNFG)’s shares declined -1.72% to $8.86.

First Niagara Financial Group Inc. (FNFG) declared that the Company’s Board of Directors declared a quarterly dividend of eight cents ($0.08) per share on outstanding FNFG common stock.

The Company’s Board of Directors also declared a quarterly preferred stock dividend of $0.539063 per share on its fixed-to-floating rate perpetual non-cumulative preferred stock, Series B.

Both dividends will be payable on May 15, 2015 to shareholders of record on May 5, 2015.

First Niagara Financial Group, Inc. operates as the bank holding company for First Niagara Bank, N.A. that provides retail and commercial banking, and other financial services to individuals, families, and businesses.

GrubHub Inc (NYSE:GRUB)’s shares dropped -2.62% to $40.09.

GrubHub Inc (GRUB) launched its Seamless App for Apple Watch. Also announced today are the company’s plans to release a GrubHub app for Apple Watch in the near future.

The Seamless App for Apple Watch will give users instant access to re-ordering capabilities, with payment and other specific order details auto-populated from previous orders. The GrubHub App will be available for download in the coming weeks and allow diners to receive order status updates and notifications directly on the Apple Watch. Reordering capabilities will be rolled out in future GrubHub App updates.

GrubHub Inc., together with its auxiliaries, provides an online and mobile platform for restaurant pick-up and delivery orders in the United States. The company connects about 30,000 local restaurants with diners in about 800 cities.

At the end of Friday’s trade, Calpine Corporation (NYSE:CPN)‘s shares dipped -2.61% to $21.24.

Calpine Corporation (CPN) stated first quarter 2015 Adjusted EBITDA of $338 million, contrast to $446 million in the preceding year period, and Adjusted Free Cash Flow of $25 million, or $0.07 per diluted share, contrast to $130 million, or $0.31 per diluted share, in the preceding year period. Net Loss1 for the first quarter of 2015 was $10 million, or $0.03 per diluted share, contrast to $17 million, or $0.04 per diluted share, in the preceding year period. Net Loss, As Adjusted2, for the first quarter of 2015 was $62 million contrast to Net Income, As Adjusted2,of $56 million in the preceding year period. The decreases in Adjusted EBITDA, Adjusted Free Cash Flow and Net Income, As Adjusted2,were primarily due to lower Commodity Margin driven largely by the impacts of the polar vortex in the first quarter of 2014, which resulted in significantly higher power and natural gas prices in our East region during that period, in addition to by the sale of six power plants in July 2014 and lower regulatory capacity revenue in PJM.

Calpine Corporation, a wholesale power generation company, owns and operates natural gas-fired and geothermal power plants in North America. It operates natural gas-fired combustion turbines and renewable geothermal conventional steam turbines.

Denbury Resources Inc. (NYSE:DNR), ended its Friday’s trading session with -2.61% loss, and closed at $8.58.

Denbury Resources Inc. (DNR) announced that its Board of Directors has declared a quarterly cash dividend of $0.0625 per common share, a rate of $0.25 per share on an annualized basis, payable June 30, 2015, to shareholders of record as of the close of business on May 26, 2015.

Denbury Resources Inc. operates as an independent oil and natural gas company in the United States. The company primarily focuses on improved oil recovery utilizing carbon dioxide. It holds properties located in Mississippi, Texas, Louisiana, and Alabama in the Gulf Coast region; and in Montana, North Dakota, and Wyoming in the Rocky Mountain region. As of December 31, 2014, it had 437.7 million barrels of oil equivalent of estimated proved oil and natural gas reserves.

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