Scorching Hot Basic Materials Tape: Arconic Inc. (ARNC), National Oilwell Varco, Inc. (NOV)

Arconic Inc. (ARNC) ended last trading session with a change of -0.11 percent. It trades at an average volume of 5.41M shares versus 3.16M shares recorded at the end of last trading session. The share price of $26.8 is at a distance of 60.42 percent from its 52-week low and down -12.68 percent versus its peak. The company has a market cap of $11.66B and currently has 434.95M shares outstanding. The share price is currently -6.97 percent versus its SMA20, 7.98 percent versus its SMA50, and 20.54 percent versus its SMA200. The stock has a weekly performance of -3.25 percent and is 44.93 percent year-to-date as of the recent close.

On March 13, 2017 Arconic Inc. (ARNC) announced it has filed definitive proxy materials, including its definitive proxy statement and proxy card, with the U.S. Securities and Exchange Commission in connection with Arconic’s 2017 Annual Meeting of Shareholders, scheduled for May 16, 2017. Arconic shareholders of record as of the close of business on March 1, 2017 will be entitled to vote at the Annual Meeting.

In conjunction with the definitive proxy filing, Arconic issued an open letter to shareholders. The full text follows.

National Oilwell Varco, Inc. (NOV) recently recorded 0.69 percent change and currently at $38.1 is 42.46 percent away from its 52-week low and down -12.67 percent versus its peak. It has a past 5-day performance of -4.44 percent and trades at an average volume of 3.63M shares. The stock has a 1-month performance of -2.28 percent and is 1.76 percent year-to-date as of the recent close. There were about 379M shares outstanding which made its market cap $14.44B. The share price is currently -4.05 percent versus its SMA20, -2 percent versus its SMA50, and 6.58 percent versus its SMA200.

On February 24, 2017 National Oilwell Varco, Inc. (NOV) announced that its Board of Directors declared the regular quarterly cash dividend of $0.05 per share of common stock, payable on March 31, 2017 to each stockholder of record on March 17, 2017.

National Oilwell Varco is a worldwide leader in the design, manufacture and sale of equipment and components used in oil and gas drilling and production operations and the provision of oilfield services to the upstream oil and gas industry.