Pre-Market Technical Recap on Auto Makers Stocks -- SORL Auto Parts, Kandi Technologies, Tesla, and Ford Motor
NEW YORK, October 27, 2017 /PRNewswire/ --
If you want a Stock Review on SORL, KNDI, TSLA, or F then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. The world's automakers face a rate of change unlike that of any other time in the industry's history, said a Hoovers report. Digitalization, connectivity, evolving powertrain technologies, tougher regulations, and shifts in consumer attitudes have created unprecedented challenges as well as opportunities. This morning, DailyStockTracker.com redirects investors' attention to the Major Auto Manufacturers space to see how select equities have fared over the previous trading sessions: SORL Auto Parts Inc. (NASDAQ: SORL), Kandi Technologies Group Inc. (NASDAQ: KNDI), Tesla Inc. (NASDAQ: TSLA), and Ford Motor Co. (NYSE: F). Daily Stock Tracker provides great insights on these stocks in its free research reports at:http://dailystocktracker.com/register/
SORL Auto Parts
Rui'an, China headquartered SORL Auto Parts Inc.'s shares rose 2.89%, finishing Thursday's trading session at $4.63. A total volume of 198,308 shares was traded. In the last month and since the start of this year, the stock has advanced 19.95% and 52.30%, respectively. The Company's shares are trading above their 50-day moving average by 2.74%. Moreover, shares of SORL Auto Parts, which together with its subsidiaries, develops, manufactures, and distributes automotive brake systems and other safety related auto parts to automotive original equipment manufacturers and the related aftermarket in China, have a Relative Strength Index (RSI) of 48.51. Free research report on SORL is available at:http://dailystocktracker.com/registration/?symbol=SORL
Kandi Technologies Group
On Thursday, shares in Jinhua, China headquartered Kandi Technologies Group Inc. recorded a trading volume of 952,209 shares, which was above their three months average volume of 647,950 shares. The stock ended the session 4.01% lower at $7.18. The Company's shares have surged 34.11% in the last one month, 75.00% over the previous three months, and 46.43% on an YTD basis. The stock is trading 25.54% above its 50-day moving average and 58.06% above its 200-day moving average. Furthermore, shares of Kandi Technologies have an RSI of 49.97.
On September 29th, 2017, Kandi Technologies announced that Kandi Electric Vehicles Group Co, Ltd and Hangzhou Vocational & Technical College held a signing ceremony at which they entered into a strategic agreement to jointly establish the Renewable Energy Automotive Institution and the Kandi Renewable Energy Vehicle Collaborative Innovation Center. The goal of the agreement is to institutionalize renewable energy research and to develop an outreach strategy to promote the Renewable Energy Vehicle industry. The complimentary research report on KNDI can be downloaded at: http://dailystocktracker.com/registration/?symbol=KNDI
Tesla
Shares in Palo Alto, California headquartered Tesla Inc. closed at $326.17, climbing 0.10% from the last trading session. The stock recorded a trading volume of 5.01 million shares. The Company's shares have gained 52.64% since the start of this year. The stock is trading 3.12% above its 200-day moving average. Additionally, shares of Tesla have an RSI of 34.83.
On October 02nd, 2017, Tesla announced that it delivered 26,150 vehicles in Q3 2017, of which 14,065 were Model S; 11,865 were Model X; and 220 were Model 3. This is the Company's all-time best quarter for Model S and X deliveries, representing a 4.5% increase over Q3 2016 and a 17.7% increase over Q2 2017. Additionally, Q3 2017 production totaled 25,336 vehicles, with 260 of them being Model 3.
On October 20th, 2017, research firm JP Morgan reiterated its 'Underweight' rating on the Company's stock with a decrease of the target price from $200 a share to $195 a share. Visit DailyStockTracker.com today and access our complete research report on TSLA at:http://dailystocktracker.com/registration/?symbol=TSLA
Ford Motor
Dearborn, Michigan-based Ford Motor Co.'s stock ended 1.91% higher at $12.27. A total volume of 46.78 million shares was traded, which was above their three months average volume of 35.86 million shares. The Company's shares have advanced 2.68% in the last one month, 9.85% over the previous three months, and 1.56% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 5.42% and 5.46%, respectively. Furthermore, shares of Ford Motor have an RSI of 60.78.
On October 16th, 2017, research firm RBC Capital Markets downgraded the Company's stock rating from 'Outperform' to 'Sector Perform' with a target price of $13 per share.
On October 25th, 2017, Ford Motor announced that it will release its October 2017 US sales results at approximately 9:15 a.m. EDT on November 01st, 2017. At 10:00 a.m. EDT that same day, Erich Merkle, Ford US sales analyst, will host a conference call for the investment community and news media to discuss the results and related market trends. He will be joined by Mark LaNeve, Ford Vice President - US Marketing, Sales and Service; and Bryan Bezold, Ford senior Americas economist. Get free access to your research report on F at:http://dailystocktracker.com/registration/?symbol=F
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