Kandi Technologies Group Inc (NASDAQ:KNDI) 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) stock opened today at $20.10 and is currently trading at $19.53. The stock showed a positive weekly performance of 18.74%.
Nu Skin Enterprises, Inc. (NYSE:NUS) filed its long-awaited 10K after the close. Although the company provided some incremental color regarding the investigation of its business in China, it did not announce any new policies/actions in the region, as the investigation is still ongoing. We think the stock will continue to be volatile in the near term until a resolution is reached, but we expect Nu Skin Enterprises, Inc. (NYSE:NUS) to emerge relatively unscathed. Nu Skin Enterprises, Inc. (NYSE:NUS) stock opened at $74.32, in current trading session and currently is at $72.81, by loosing -5.06%.The 52 week range of $40.79-$140.50.Company’s market capitalization is $4.33 billion.
Nike Inc (NYSE:NKE) plans to release its third quarter fiscal 2014 financial results on Thursday, March 20, 2014, at approximately 1:15 p.m. PT, following the close of regular stock market trading hours. Following the news release, NIKE management will host a conference call beginning at 2:00 p.m. PT to review results. Nike Inc (NYSE:NKE) stock is currently trading at $79.79 .The EPS of the stock is 2.93. Company’s market capitalization is $70.85 billion.
Vera Bradley, Inc. (NASDAQ:VRA) announced its financial results for the fourth quarter and fiscal year ended February 1, 2014 (“fiscal 2014”).Net revenues totaled $157.5 million for the current year fourth quarter, compared to $162.6 million in the prior year fourth quarter ended February 2, 2013. Net income totaled $19.4 million, or $0.48 per diluted share, for the current year fourth quarter. Vera Bradley, Inc. (NASDAQ:VRA) stock opened the session at $26.00, and now is at $27.99. The 52 week range of the VRA stock remained $17.27-$28.60 and the day range was $25.61-$28.41.