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Wednesday 8 April 2015
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Why These Stocks Declined? - Report on Zillow Group, (NASDAQ:Z), Banro Corporation, (NYSEMKT:BAA), Bloomin’ Brands, (NASDAQ:BLMN), Janus Capital Group, (NYSE:JNS)

On Tuesday, Zillow Group, Inc. (NASDAQ:Z)’s shares declined -2.44%, and closed at $94.80, after the 30-year fixed mortgage rate on Zillow(R) Mortgages is presently 3.55 percent, down seven basis points from this time last week. The 30-year fixed mortgage rate fell throughout the week, reaching 3.47 percent on Sunday before returning to the current rate.

“Rates fell sharply around Friday’s highly anticipated jobs report, which showed much weaker job creation and modestly higher wages than predictable,” said Erin Lantz, vice president of mortgages at Zillow. “Looking ahead we expect rates to be mostly flat, with reaction to last week’s headlines and international news driving rate movement this week.”

The rate for a 15-year fixed home loan is presently 2.79 percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is 2.67 percent.

Zillow Group, Inc. operates real estate and home-related information marketplaces on mobile and the Web in the United States. It offers a portfolio of brands and products to assist people find vital information about homes, and connect with local professionals.

Banro Corporation (NYSEMKT:BAA)’s shares dropped -4.10%, and settled at $0.22, during the last trading session on Tuesday, after Banro Corporation, declared its operating results for the first quarter of 2015.

CORPORATION Q1 OPERATIONAL HIGHLIGHTS:

  • Twangiza produced 35,943 ounces of gold in the first quarter of 2015, a 78% raise over Q1 2014 (20,137 ounces in Q1 2014), successfully managing the adverse influence of the rainy season.
  • Process plant throughput achieved 101% of the 1.7 million tonnes per annum (“Mtpa”) annualized design capacity and more importantly, 3 quarters of compriseent incremental improvement.
  • Twangiza processed up to 28% of transition material to assist with the feed blend during the last two quarters, even though this material is not comprised of in the Corporation’s mineral reserves.
  • Together, Twangiza and Namoya produced 45,197 ounces of gold during Q1 2015.

Banro Corporation, together with its auxiliaries, engages in the exploration, development, and mining of gold properties. The corporation holds a 100% interest in 4 gold properties, counting Twangiza, Namoya, Lugushwa, and Kamituga comprising 13 exploitation permits that cover an area of about 2,612 square kilometers in the South Kivu and Maniema provinces of the Democratic Republic of the Congo.

At the end of Tuesday’s trade, Bloomin’ Brands, Inc. (NASDAQ:BLMN)’s shares dipped -2.43%, and closed at $23.05, as Bloomin’ Brands, will release results for the fiscal first quarter ended March 29, 2015, on Tuesday, May 5, 2015, at about 7:00 AM EDT, which will be followed by a conference call to review its financial results at 9:00 AM EDT the same day.

To access the live call, dial (888) 438-5448, or (719) 325-2491 for international participants. A replay will be accessible starting two hours after the call and can be accessed by dialing (877) 870-5176 or (858) 384-5517 for international callers. The replay will be accessible until Tuesday, May 12, 2015. The conference ID for the live call and replay is 9881887.

Bloomin Brands, Inc., through its auxiliaries, owns and operates casual, upscale casual, and fine dining restaurants primarily in the United States. The corporation operates restaurants under various concepts, counting Outback Steakhouse, a casual steakhouse restaurant; Carrabba’s Italian Grill, a casual Italian restaurant; Bonefish Grill, an upscale casual seafood restaurant; and Fleming’s Prime Steakhouse & Wine Bar, a contemporary steakhouse.

Janus Capital Group, Inc. (NYSE:JNS), ended its Tuesday’s trading session with -2.43% loss, and closed at $17.26, as a publicly owned asset administration holding corporation, will release its first quarter 2015 financial results before the market opens Thursday, April 23, 2015. The corporation will host a conference call and webcast that day at 10 a.m. EDT to talk about its results. To take part in the conference call, please dial (888) 397-5338 in the U.S. and Canada or (719) 325-2145 internationally. The webcast of the conference call can be accessed via the investor relations section of Janus Capital Group’s website, www.janus.com/ir.

Janus Capital Group, Inc. is a publicly owned asset administration holding corporation with about $167.7 billion in assets under administration. It also provides retirement planning, investment planning, tax planning, investment for college, and tax planning services to its clients.

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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.




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