Focusing On Stocks Above 50Days Moving Average: $GCI $MX $TROX – Wire Real Estate

Focusing On Stocks Above 50Days Moving Average: $GCI $MX $TROX




Sep 2, 2020

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Gannett stock lies on the bullish end

https://themarketsignal.com/Free-Report/GCI

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Gannett Co Inc. (NYSE:GCI) surpassed its 50 Days simple moving average by a margin of 17.88%,a performance analysts classify as a bullish.

Magnachip Semiconductor breaks silence on the sale of factory in Cheongju

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Magnachip Semiconductor Corp. (NYSE:MX) beat its 50 Days simple moving average by an 18.45% margin, a performance described as bullish by analysts.

Several wholly owned subsidiaries of the company are pleased about closing a recent business deal with Key Foundry Co., Ltd. That was the sale of the company's factory in Cheongju and its Foundry Services Group. This was a deal totaling to about $350.6 million. The terms of the deal dictated that the buyer shoulders all the severance liabilities in line with the transferred employees, which was approximated to consume about $100 million. The business transfer agreement in line with this agreement provides that the buyer assumes all rights and obligations.

Net proceeds totaling to about $227.4 million will be channeled towards fully redeeming the company's outstanding 6.625% Senior Notes due 2021. Reports show that as of August 31, 2020 there was an outstanding pri9ncipal amount of about $224.25 million.

Tronox Holdings speaks out on the dividends

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Tronox Holdings PLC (NYSE:TROX) performed above its 50 Days simple moving average by a 19.01% margin, which shows its stock to be on the bullish end.

The company is pleased to announce the latest change, in which case each share receives a $0.07 dividend on a quarterly basis. The dividend is set to be paid on September 1, 2020.

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