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News Room / Important developments: Twitter Inc, Chesapeake Energy Corporation, Citigroup Inc, Bank of America Corp

Important developments: Twitter Inc, Chesapeake Energy Corporation, Citigroup Inc, Bank of America Corp

New York, December 17, 2013 / Accesswire / - Market Buzz Report, which provides live alerts on penny stocks, issues critical stocks analysis for Twitter Inc (NYSE:TWTR), Chesapeake Energy Corporation (NYSE:CHK), Citigroup Inc (NYSE:C), Bank of America Corp (NYSE:BAC).

Twitter Inc (NYSE:TWTR) shares jumped 1.02% to $57.19 in the pre-market hour. On Dec. 16, Bob Peck from SunTrust downgraded shares of Twitter from Buy to Hold also as a valuation call and has had a $50 price target since before the shares went public. He wrote "We are lowering our rating on Twitter to Hold from Buy, as the stock has surpassed our year end 2014 $50 target by ~20%. We remain extremely positive on the long term opportunity for the company due to several factors: Twitter has become one of the major Internet platforms, the company is still in a very nascent stage of its life cycle; Twitter has significant optionality in front of it; and the company has a strong management team with a unique vision of permeating the "interest graph.""

Free Urgent Insider Catalyst Report For TWTR Available Here:  http://marketbuzzreport.com/index.php?code=TWTR%20 (Or Copy and paste the URL into your browser)

Chesapeake Energy Corporation (NYSE:CHK) shares declined 0.85% and closed at $26.77. The company on Dec. 16 announced that its Board of Directors has declared a $0.0875 per share quarterly dividend that will be paid on January 31, 2014 to common shareholders of record on January 15, 2014.

Additionally, A partnership related to Chesapeake Energy Corp's former Chief Executive Officer Aubrey McClendon filed for a public offering on Dec. 13 to raise up to $2 billion to buy and drill oil and gas properties within the United States. The partnership, American Energy Capital Partners LP (AECP) is offering 100 million units at a price of $20 each, it said in a filing with the U.S. Securities and Exchange Commission.

Free Urgent Insider Catalyst Report For CHK Available Here:  http://marketbuzzreport.com/index.php?code=CHK (Or Copy and paste the URL into your browser)

Citigroup Inc (NYSE:C) shares gained 0.16% to $50.98. John Gerspach, Chief Financial Officer, and Eric Aboaf, Treasurer, will conduct the Citigroup fourth quarter 2013 Fixed Income Investor Review at 10:00 AM (ET) on Thursday, January 23, 2014. The review will be available live via webcast and teleconference.

Additionally, the company on Dec. 16 said Deborah Doyle McWhinney, head of the enterprise-payments business, will retire at the end of January. McWhinney, 58, will step down to join the board of a large corporation, according to a memo obtained by Bloomberg News, the contents of which were confirmed by Shannon Bell, a Citigroup spokeswoman.

Free Urgent Insider Catalyst Report For C Available Here:  http://marketbuzzreport.com/index.php?code=C (Or Copy and paste the URL into your browser)

Bank of America Corp (NYSE:BAC) shares gained 0.40% to $15.24. The company on Dec. 16 announced the Board of Directors authorized a regular quarterly cash dividend of $18.125 per share on the 7.25 percent Non-Cumulative Perpetual Convertible Preferred Stock, Series L. The dividend is payable on January 30, 2014 to shareholders of record as of January 1, 2014. 

Additionally, For the third straight year, Bank of America Merrill Lynch was named Institutional Investor magazine's "Top Global Research Firm of 2013." This was achieved by BofA Merrill Lynch Global Research winning 257 total team positions - more than any other firm and 21 more than last year - in the 12 Institutional Investor research team surveys published this year.

Free Urgent Insider Catalyst Report For BAC Available Here:  http://marketbuzzreport.com/index.php?code=BAC (Or Copy and paste the URL into your browser)  

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