Current Trade Stocks Buzz: Ultrapetrol (Bahamas) Limited (ULTR), Fiat Chrysler Automobiles NV (FCAU)

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Ultrapetrol (Bahamas) Limited (NASDAQ:ULTR)

Stock’s Trading Stats:

Ultrapetrol (Bahamas) Limited (NASDAQ:ULTR) is trading up with a percentage change of 63.18% and is at $0.456 right now. The Company’s market capitalization stands at $66.21 Million in the current trading Session whereas, its outstanding shares are 140.73 Million.

Recent Press Release:

Ultrapetrol (Bahamas) Ltd. (ULTR) on May2, 2016 that it is in on-going negotiations with its secured lenders to extend its existing forbearance agreements, which expired April 30, 2016, through May 31, 2016.

The Company is in ongoing talk aboutions with all of its secured creditors and expressed its confidence that a consensual financial restructuring can be achieved in order to provide Ultrapetrol with a sustainable capital structure that supports the Company’s long-term business plan and results in long-term value generation for the benefit of all stakeholders. During this period, the Company believes that it has sufficient liquidity to fully fund all aspects of its operations and to conduct business as usual, counting making full and timely payments to employees, vendors, suppliers, and trading counterparties.

Ultrapetrol is an industrial transportation company serving the marine transportation needs of its clients in the markets on which it focuses. It serves the shipping markets for containers, grain and soy bean products, forest products, minerals, crude oil, petroleum, and refined petroleum products, in addition to the offshore oil platform supply market with its extensive and diverse fleet of vessels. These comprise river barges and pushboats, platform supply vessels, tankers and two container feeder vessels. More information on Ultrapetrol can be found at www.ultrapetrol.net.

Fiat Chrysler Automobiles NV (NYSE:FCAU)

Stock’s Trading Stats:

Fiat Chrysler Automobiles NV (NYSE:FCAU) is surging 9.93% percent and is at $8.19 in the Real-Time trading session. The stock’s market capitalization stands at $10.43 Billion with outstanding shares of 1.29 Billion.

Recent Press Release:

Fiat Chrysler Automobiles N.V. (FCAU) on April 29, 2016 declared that, effective right away, Doug Ostermann is designated FCA Group Treasurer. In this role, he will be responsible for all Treasury activities globally and will report directly to the Group Chief Financial Officer Richard Palmer.

In addition, effective right away, Ferrante Zileri is designated Assistant Group Treasurer, with responsibility for European Treasury and for Group Financial Markets.

Ostermann is also designated ad interim NAFTA Treasurer. In this role he will replace Ken Nilson, who elected to retire after thirty-four years of dedicated service.

Ostermann joins the Company from Archer Daniels Midland Company where he held a series of positions with increasing responsibility, counting Global Treasurer, and most recently, serving as Vice President – Mergers & Acquisitions, Business Development and Global Credit.