Market Movers

Airbus lands record 430 plane deal

(FinancialPress) — Tolouse, France-based Airbus (AIR.PA) will be manufacturing a whopping 430 units of its A320neo-line jets, after landing a deal wit U.S. investor Bill Franke, who will be upping his stake in budget airlines. The deal, which will aim to increase the fleet strength of the four airlines in which Franke‘s Indigo Partners has ownership – Frontier Airlines, Volaris (Mexico), Wizz Air (Hungary) and carrier JetSmart (Chile)— is valued at $50 billion. The deal was signed during the Dubai Airshow, among many others. The current landscape is ripe for dealmaking, as low demand for new aircrafts makes it possible for investors to negotiate competitive prices from the bigger brands in the sector. Another significant deal worth mentioning is that made by flydubai, a budget airlin...

Chesapeake Energy Corporation (CHK) Leads Basic Materials Laggards with a drop of 1.81% on September 14

Chesapeake Energy Corporation (CHK traded as high as $3.89 and as low as $3.79. Today’s decline came with about 44.95 million shares changing hands, compared to an average 30-day volume of 32.3 million for Chesapeake Energy Corporation. The price is currently below the 30-day volume weighted average price of $3.82 for CHK have traded as low as $3.76 and as high as $8.2. Technical traders will take note that at $3.79, shares of