Noble notes mostly positive after share repurchase news; Mallinckrodt volume stays high

By James McCandless

San Antonio, Feb. 15 – Traders reported a lower amount of activity than was expected Thursday, as investors continue to hold on to their capital.

Notes in Noble Energy, Inc. largely gained on the day after the company announced a share repurchase as well as a selloff of its Gulf of Mexico assets.

Mallinckrodt plc issues extended a run of high volume after announcing on Tuesday that it had completed its acquisition of Sucampo Pharmaceuticals.

Revlon, Inc. paper climbed higher yet again, continuing its high level of trading since announcing that its chief executive officer would be leaving the company.

Frontier Communications Corp. and Intelsat SA maintained their status as recurrent volume favorites in the telecom sector and in distressed overall. As traders can only speculate on the fate of Hexion, Inc., its paper continues to be in the spotlight.

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