On Feb. 26, 2014, Neonode, Inc (NASDAQ:NEON), the optical touch technology company, today announced that it has hired Clarence King as the Director for the Company’s rapidly-emerging PC business. Neonode, Inc (NASDAQ:NEON) shares after opening at $6.69 on last trade day and at the end of the day closed at $6.94. Company price to sales ratio in past twelve months was calculated as 49.19 and price to cash ratio as 23.20. Neonode, Inc (NASDAQ:NEON) showed a positive weekly performance of 3.27%.
February 27, 2014 — ProShares, a premier provider of alternative exchange traded funds, announced that its S&P 500 Aristocrats ETF (NOBL) has gathered more than $100 million in assets since its October 2013 launch. NOBL is the only ETF or mutual fund that invests in the S&P 500 Dividend Aristocrats, an index composed of the S&P 500 companies that have increased their dividends year over year for at least 25 consecutive years. ProShares Ultra Silver (ETF) (NYSEARCA:UVXY) shares fell -7.74% in last trading session and ended the day on $63.75. ProShares Ultra Silver (ETF) (NYSEARCA:UVXY) yearly performance is -81.85%.
Public Service Enterprise Group (NYSE:PEG)‘s stock had its “hold” rating reaffirmed by research analysts at Jefferies Group in a report released on Wednesday, ARN reports. They currently have a $37.50 target price on the stock, down from their previous target price of $38.50. Jefferies Group’s price target would suggest a potential upside of 3.59% from the company’s current price. Public Service Enterprise Group Inc. (NYSE:PEG) shares moved up 0.27% in last trading session and was closed at $36.89, while trading in range of $36.62 – $37.06. Public Service Enterprise Group Inc. (NYSE:PEG) year to date (YTD) performance is 16.34%.
Kandi Technologies Group Inc (NASDAQ:KNDI), today announced that it has entered into a securities purchase agreement with two institutional investors for a registered direct placement of approximately $11,053,440 of common stock at a price of $18.24 per share. The Company will issue a total of 606,000 shares to the institutional investors. As part of the transaction, the Company will also issue to the investors warrants for the purchase of up to 90,900 shares of common stock at an exercise price of $22.80 per share, which warrants have a term of 18 months from the date of issuance. Kandi Technologies Group Inc (NASDAQ:KNDI) weekly performance is 18.74%. On last trading day company shares ended up $21.16. Kandi Technologies Group Inc (NASDAQ:KNDI) distance from 50-day simple moving average (SMA50) is 45.86%. Analysts mean target price for the company is $4.59.
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