Navios Maritime trades up on asset sale; energy gains continue; Community Health drops

By Abigail W. Adams

Portland, Me., April 17 – The rally of energy names in the distressed debt space continued on Wednesday with crude oil futures on the rise early in the session despite giving back those gains by the market’s close.

While volume was light, notes from EP Energy, California Resources Corp. and Weatherford International plc were all on the rise during Wednesday’s session.

Navios Maritime Holdings Inc.’s paper was in focus and making gains on Wednesday after the company announced an asset sale.

Meanwhile, Community Health Systems’ paper was losing ground with the health care sector in general under pressure on Wednesday.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.