Tesla Motors Inc., (NASDAQ:TSLA) the electric-car maker, jumped after Morgan Stanley more than doubled its projected price for the stock to $320, saying the company’s bid to disrupt the auto industry may also affect electric utilities. Tesla Motors Inc. (NASDAQ:TSLA) stock opened at $230.00 in last session, and closed at $248.00, while the day range of Tesla Motors Inc. (NASDAQ:TSLA) stock is $228.45 – $259.20. The stock showed a positive weekly performance of 21.75%.
Fifth & Pacific Companies Inc. (NYSE:FNP) issued its quarterly earnings data on Tuesday. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by $0.15, Stock Ratings Network reports. The company had revenue of $427.00 million for the quarter, compared to the consensus estimate of $505.76 million. Fifth & Pacific Companies Inc. (NYSE:FNP) stock opened at $30.96 in last session, and closed at $35.24 by gaining 12.02%. The 52 week range of $16.86 – $35.31. Company’s market capitalization is $4.31B.
Kandi Technologies Group Inc. (NASDAQ:KNDI), the Chinese specialized vehicle maker, jumped as much as 16% on Monday after it expressed its plans to expand electric car-rental service. The company said that its electric-car rental service is fetching profits and that it plans to extend this service to Beijing and Shanghai. Kandi Technologies Group Inc. (NASDAQ:KNDI) stock increased 0.06% and finished the last session at $15.57. The EPS of the stock remained -0.09. Company’s market capitalization is $576.40M.
By contrast, the merger, asset acquisition and stock purchase kingpin ROI Acquisition Corp (NASDAQ:EVRY) was gasping for breath, by early afternoon more than 22 percent of its stock price value had evaporated into the thin air. ROI Acquisition Corp (NASDAQ:EVRY) stock opened the session at $7.45, and closed the session at $5.95. The 52 week range of the ROI Acquisition Corp (NASDAQ:EVRY) stock remained $5.85 – $13.74 and the day range was $5.85 – $7.58.
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