Boston, MA 07/15/2014 (wallstreetpr) – GoPro Inc (NASDAQ:GPRO) announced that it will release its 2Q2014 financial results for the trading period ended June 30 on July 31. The company is behind the most versatile cameras in the world.
Shares of GoPro tumbled more than 6 percent in the Monday session as the impact of the bearish article by Barron’s started having its impact on the stock. The article warned that the stock was likely to end badly because of the threat from smartphones.
GoPro Inc (NASDAQ:GPRO) recently earned a Sell recommendation from analysts at Vertical Group in their initial coverage of the company. Prior to the the Vertical Group’s rating, analysts at Dougherty & Co. initiated coverage of the stock with a Buy rating and a price target of $28 per share. The price target suggests a potential downside from the current price of around $37.
Kandi Technologies Group Inc (NASDAQ:KNDI) gained nearly 27 percent in Monday session following the encouraging sales report that the company released from its electric vehicles division. The company runs Kandi Electric Vehicles Group as a joint venture with Shanghai Maple Guorun.
The joint venture reported 238 percent increase in electric vehicle sales in 2Q2014 compared with the previous quarter.
The company’s CEO Hu Xiaoming observed that the demand for electric vehicles is on the rise in China, supported by the government subsidy of 10 percent on sales. The government’s 10 percent waiver on electric vehicles is expected to run until 2017 and Kandi Technologies Group Inc (NASDAQ:KNDI) is keen on taking advantage of the opportunity.
The increased awareness over environmental benefits of electric cars is also promoting sales among manufacturers of such vehicles.
American Realty Capital Properties Inc (NASDAQ:ARCP) has registered insider buying last Friday. William Stanley, a director in the company, acquired 10,000 more shares in his second transaction in the year. He paid an average of $12.65 per share. The purchase brings the director’s direct holding in the company to 102,146 shares, having purchased 18,000 shares in June at an average cost of $12.39 per share.
