Twitter, Inc. (TWTR) and Hubbell Incorporated (HUBB) News Highlights- SemGroup Corporation (SEMG)


Twitter, Inc. (NYSE:TWTR) taking place in active move after knocked up 0.39% to the trading price of $24.35 in latest session.

To help the public better understand the scope and scale of government censorship from around the world, Twitter (TWTR) has updated its transparency tool to tell its users the legal compulsions behind blocking of some tweets and accounts on its platform.

“We are updating our in-product messaging when we withhold content to clarify why the content was withheld and where,” Jeremy Kessel, Worldwide Legal Policy Director at Twitter wrote in a blog post.

So when a tweet is withheld, users would now know if Twitter was compelled to withhold the original tweet in response to a valid legal demand, such as a court order. They would also know if Twitter withheld the content to comply with the local law(s). Similar notification will be available for withheld accounts as well.

To shine light on government requests, Twitter released its “Transparency Report” back in 2012 and later that year, it reported the “Country Withheld Content” (CWC) tool, which the microblogging site uses to transparently handle worldwide legal requests to remove content from Twitter. “The primary goal of CWC is to avoid silent removals and maximise transparency of the content that we are compelled to remove to comply with local laws, court orders, and other legal demands,” Kessel said.

Its 52-week range quite noticeable, lower range was $72.52% and hit highest level of $-4.69%. The overall volume in the last trading session was 5.27 Million shares. The firm shares 50 day moving average were calculated 16.77%. The firm’s institutional ownership remained 52.40% while insider ownership included 0.80%.

Hubbell Incorporated (NYSE:HUBB) trade at $136.97 by eased down -0.39% in most recent trading session with share volume of 102717. Hubbell Incorporated (NYSE:HUBB) reported that it has entered into a definitive contract to acquire Aclara Technologies LLC, an affiliate of Sun Capital Partners, Inc. for around $1.1B in an all-cash transaction.

Aclara offers a comprehensive suite of solutions, including advanced metering infrastructure, meters and edge devices, software, and installation services. These products and services provide utilities visibility into their distribution networks, optimize network performance and help engage with their consumers. With around 1,200 people working with more than 800 electric, water and gas utilities worldwide, Aclara provides actionable insights to help utilities predict, plan and respond to conditions, improve operational efficiency and promote resource conservation to consumers. Aclara declared revenues of $500 million and adjusted EBITDA (1)of $90 million for the fiscal year ended September 30, 2017.

“This is an exciting transaction that is consistent with our long-standing acquisition strategy. Aclara participates in attractive markets that complement our core with high quality products and talented people,” said David G. Nord, Chairman, President and Chief Executive Officer. “Together with Aclara, Hubbell will be even better positioned to serve consumers through a differentiated smart grid solution and expanded portfolio. Hubbell Power Systems has a history of successfully integrating acquisitions under Gerben Bakker’s leadership, and we both look forward to welcoming our new colleagues. We have long admired the position of Aclara’s businesses in the industry, and are confident that integrating Aclara’s capabilities with Hubbell’s will allow us to deliver surged value to consumers and shareholders.”

The share is moved forward to its percent change from 52-week low of 25.30% and hanging back from its percent change from 52-week high of -1.43%. Shares price moved down from its 50 days moving average with 9.04% and remote positively from 200 days moving average with 15.91%.

Shares of SemGroup Corporation (NYSE:SEMG) held volume of 112948 shares as compare to its average volume of 935.35 shares. SemGroup Corporation (SEMG) reported that it has completed the sale of its 50 percent interest in Glass Mountain Pipeline, LLC to a fund managed by BlackRock Real Assets in partnership with Navigator Energy Services for $300 million subject to customary post-closing adjustments.

SemGroup President and CEO, Carlin Conner said, “We are extremely pleased with the valuation of the Glass Mountain sale, which represents a important step in our capital raise plan to fund the final payment for the acquisition of Houston Fuel Oil Terminal Company. “We continue to pursue additional options for completing the remainder of the payment and for pre-funding our strategic growth on the Gulf Coast, Mid-Continent and in Canada.”

SemGroup subsidiary Surged Rock Midstream will continue as the pipeline operator for a period of time following closing.

SEMG had a trade volume of 112948 shares as compared to average trading capacity of 935.35 shares. The firm has price to sales ratio of 1.24 and its price to book per share was 1.34. Similarly slightly down performance for the quarter recorded as 4.91% and for the year was -29.40%, while the YTD performance remained at -28.38%.


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