{"id":125528,"date":"2021-05-18T17:46:03","date_gmt":"2021-05-18T17:46:03","guid":{"rendered":"https:\/\/precoinnews.com\/?p=125528"},"modified":"2021-05-18T17:46:03","modified_gmt":"2021-05-18T17:46:03","slug":"stock-alert-california-resources-up-12","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/bitcoin\/stock-alert-california-resources-up-12\/","title":{"rendered":"Stock Alert: California Resources Up 12%"},"content":{"rendered":"
Shares of hydrocarbon exploration company California Resources Corp. (CRC) are climbing 12 percent on Tuesday’s trading despite there being no company announcement or other news to impact the stock. <\/p>\n
The company recently reported first-quarter net loss of $94 million or $1.13 per share, narrower than net loss of $1.8 billion or $36.43 per share in the same period last year. <\/p>\n
Net income, excluding certain items, came in at $102 million or $1.22 per share, compared to net loss of $8 million or $0.16 per share in the year-ago quarter. <\/p>\n
During the three-month period, revenues fell to $363 million from $573 million in the prior-year quarter. <\/p>\n
The stock is currently trading at $28.36, up $3.21 or 12 percent on the NYSE. CRC has traded between $10.99 and $28.90 during the past 52 weeks. <\/p>\n