Kandi Technologies Group Inc (NASDAQ:KNDI) Kandi’s wholly-owned subsidiary Zhejiang Kandi Vehicles has signed a one-year supply contract with China’s largest producer of rechargeable lithium-ion batteries. The contract will begin May 2014 with a minimum of 25,000 cases of batteries delivered. The contract is valued at around $58.5 million. Kandi Technologies Group Inc (NASDAQ:KNDI) stock opened today at $ 12.90 and is currently trading at $ 12.78. The stock showed a positive weekly performance of 12.80%.
Under Armour Inc (NYSE:UA) has notched impressive growth as new apparel, well-received new footwear offerings, and a renewed focus to win over more female consumers has boosted its revenue. Under Armour Inc (NYSE:UA) stock opened at $ 50.05, in current trading session and currently is at $ 50.15, by gaining 0.60 %. The 52 week range of $ 27.82 – $62.40. Company’s market capitalization is $ 9.61 billion.
Guilt, doubt and blame have plagued the people touched by a General Motors Company (NYSE:GM) ignition switch defect that has killed 13 people; automaker refuses to disclose names of victims or details of the accidents; New York Times has compiled identities and circumstances of 12 of the deaths, as well as information about vehicle involved in 13th. General Motors Company (NYSE:GM) stock is currently trading at $ 34.35. The EPS of the stock is 1.86. Company’s market capitalization is $ 55.09 billion.
Ford Motor Company (NYSE:F) said it will buy back up to 116 million shares worth about $1.8 billion to offset the dilutive impact of some of its convertible debt. From Nov. 20 of this year, the company can terminate the conversion rights of holders of its 4.25% senior notes due Nov. 15, 2016. The holders have the right to convert some of their notes into shares. Ford said it will buy back another up to 12.6 million shares to combat the dilutive effect of employee stock options granted in 2012 and 2013. CFO Bob Shanks said the action will reduce the company’s diluted shares by about 3%. Shares rose 1% in after-hours trade on the news. Ford Motor Company (NYSE:F) stock opened the session at $ 16.17, and now is at $ 16.27. The 52 week range of the Ford stock remained $ 14.30 – $18.02 and the day range was $ 16.15 – $16.30.
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