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Sunday 31 May 2015
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What NEWS Says About These Slight Gains? - Pinnacle Entertainment, (NYSE:PNK), American Tower Corporation, (NYSE:AMT), Netflix, (NASDAQ:NFLX), VIRTU FINANCIAL, (NASDAQ:VIRT)

On Thursday, Shares of Pinnacle Entertainment, (NYSE:PNK), surged 1.71% to $35.10.

Pinnacle Entertainment, declared that it will release its 2015 first quarter financial results on Thursday, April 23, 2015 preceding to the market opening, followed by a conference call on the same day at 10:00 a.m. ET (7:00 a.m. PT).

To take part in the conference call, please dial 706-679-7241 about five to ten minutes preceding to the planned conference call time. The code to access the conference call is 68847876.

Pinnacle Entertainment, Inc. owns, develops, and operates casinos and related hospitality and entertainment facilities in the United States. Its Midwest segment operates Ameristar Council Bluffs, Ameristar East Chicago, Ameristar Kansas City, Ameristar St. Charles, Belterra, Belterra Park, and River City properties.

Shares of American Tower Corporation (NYSE:AMT), gained 1.67% to $96.76, during the last trading session on Thursday.

American Tower Corporation, declared that its board of directors has declared a cash distribution of $1.3125 per share on shares of its 5.25% Mandatory Convertible Preferred Stock, Series A. Additionally, the board of directors has declared a cash distribution of $11.1528 per share of its 5.50% Mandatory Convertible Preferred Stock, Series B, equivalent to $1.11528 per depositary share, each representing a 1/10th interest in a share of such stock. Each cash distribution is payable on May 15, 2015 to stockholders of record at the close of business on May 1, 2015.

American Tower Corporation is a real estate investment trust. It invests in the real estate markets across the globe. The firm through its auxiliaries owns, operates and develops wireless and broadcast communications real estate.

At the end of Thursday’s trade, Shares of Netflix, Inc. (NASDAQ:NFLX), gained 18.21% to $562.05, hitting its highest level.

On April 2, Netflix, ordered Montauk, a new drama series written and directed by Matt Duffer and Ross Duffer (Wayward Pines, Hidden). Eight one-hour long episodes of the series will premiere exclusively across all Netflix territories in 2016.

In the series, set in 1980 Montauk, Long Island, a young boy vanishes into thin air. As friends, family, and local police search for answers, they are drawn into an extraordinary mystery involving top secret government experiments, terrifying supernatural forces, and one very strange little girl. Montauk is a love letter to the 80s classics that captivated a generation.

The Duffer Brothers, who recently directed their first feature film Hidden for Warner Bros., are writing and directing the series, and will serve as executive producers together with Shawn Levy and Dan Cohen via their 21 Laps entertainment banner (The Spectacular Now, Night At The Museum, Real Steel, Date Night). Montauk is a Netflix production.

Netflix, Inc., an Internet television network, engages in the Internet delivery of TV shows and movies directly on TVs, computers, and mobile devices in the United States and internationally. The company operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD.

Finally, VIRTU FINANCIAL, INC. (NASDAQ:VIRT), ended its Thursday’s trading session with 16.74% gain, and closed at $22.18, hitting its highest level.

Nasdaq (NDAQ) declared that trading of Virtu Financial, Inc. (VIRT) commenced on The Nasdaq Stock Market on April 16, 2015.

By listing with Nasdaq, Virtu joins many of the world’s largest and most revolutionary companies. Year-to-date over 50 percent of financial companies listed on the U.S. markets have listed on Nasdaq. In 2014 Nasdaq was the exchange of choice to over 60 percent of financial companies that listed on the U.S. markets.

A technology enabled global market maker, declared recently the pricing of its initial public offering of 16,532,272 shares of its Class A common stock at a price to the public of $19.00 per share. All of the shares are being offered by Virtu Financial. In addition, Virtu Financial has granted the underwriters a 30-day option to purchase up to an additional 2,479,841 shares of Class A common stock.

Virtu Financial intends to use a substantial portion of the net proceeds from the offering to purchase shares of its Class A common stock and common units in Virtu Financial LLC (and paired shares of Virtu Financial’s Class C common stock) from certain of its pre-IPO equity holders, counting associates of Silver Lake Partners and certain of its employees. Virtu Financial intends to contribute the remaining net proceeds to Virtu Financial LLC, which will be used by Virtu Financial LLC for working capital and general corporate purposes, which may comprise financing growth.

Goldman, Sachs & Co., J.P. Morgan and Sandler O’Neill + Partners, L.P. are acting as lead joint bookrunners for the offering. BMO Capital Markets, Citigroup, Credit Suisse, Evercore ISI and UBS Investment Bank are acting as book-running managers for the offering. Academy Securities, CIBC and Rosenblatt Securities are acting as co-managers for the offering.

Virtu is a technology-enabled market maker and liquidity provider to the global financial markets. Virtu provides quotations to buyers and sellers in more than 11,000 securities and other financial instruments on more than 225 exchanges, markets and liquidity pools in 34 countries. Virtu’s corporate headquarters is located in New York with trade floors and development groups in North America, Europe and Asia.

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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.

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