Shareholder rights attorneys at Robbins Arroyo LLP are investigating the proposed acquisition of Pinnacle Foods Inc (NYSE:PF), by Hillshire Brands Company (NYSE: HSH). On May 12, 2014, the two companies announced the signing of a definitive merger agreement pursuant to which Pinnacle Foods shareholders will receive $18.00 in cash and 0.50 shares of Hillshire Brands common stock for each share of common stock, for a total consideration of $36.48. Pinnacle Foods Inc (NYSE:PF), net profit margin is 3.60% and weekly performance is 13.61%. On last trading day company shares ended up $34.47. Analysts mean target price for the company is $31.55. Pinnacle Foods Inc (NYSE:PF), distance from 50-day simple moving average (SMA50) is 17.21%.
Kandi Technologies Group Inc (NASDAQ:KNDI), reported its financial results for the first quarter ended March 31, 2014. Revenues grew 174.0% to $40.2 million from $14.7 million in the first quarter of 2013. Gross profit grew 44.1% to $4.9 million from $3.4 million in the first quarter of 2013. Kandi Technologies Group Inc (NASDAQ:KNDI), advanced 15.91% in last trading session and ended the day on $13.26. KNDI, Gross Margin is 23.00% and its return on assets is -8.80%. Kandi Technologies Group Inc (NASDAQ:KNDI), quarterly performance is -3.98%.
On May 06, 2014, VeriFone Systems Inc (NYSE:PAY), announced the nomination of former Sun Microsystems CEO Jonathan I. Schwartz as a board member at the company’s 2014 Annual Meeting of Stockholders scheduled for June 17, 2014. VeriFone Systems Inc (NYSE:PAY), shares moved up 8.78% in last trading session and was closed at $34.94, while trading in range of $ 33.34 – 34.98. VeriFone Systems Inc (NYSE:PAY), year to date (YTD) performance is 30.28%.
Accuride Corporation (NYSE:ACW), was upgraded by stock analysts at CRT Capital from a “fair value” rating to a “buy” rating in a report issued on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $6.00 price target on the stock. CRT Capital’s target price suggests a potential upside of 20.72% from the stock’s previous close. Accuride Corporation (NYSE:ACW), ended the last trading day at $5.67. Company weekly volatility is calculated as 7.04% and price to cash ratio as 12.52. Accuride Corporation (NYSE:ACW), showed a negative weekly performance of 1.05%.