Shares of Monster Beverage Corporation (NASDAQ:MNST) ended Wednesday session in green amid volatile trading. The shares closed up +0.01 points or 0.06% at $14.23 with 6686 shares getting traded. Post opening the session at $14.22, the shares hit an intraday low of $14.19 and an intraday high of $14.25 and the price vacillated in this range throughout the day. The company has a market cap of $163.24 million and the numbers of outstanding shares have been calculated to be 11.50 million shares.
Monster Beverage Corporation (MNST) develops, markets, sells, and distributes energy drink beverages and its concentrates in the United States and internationally. It operates through three segments: Finished Products, Concentrate, and Other. The company provides carbonated energy, and non-carbonated dairy based coffee and energy drinks to full service beverage distributors, retail grocery and specialty chains, wholesalers, club stores, drug chains, mass merchandisers, convenience chains, health food distributors, food service customers, and the military; and concentrates and/or beverage bases to authorized bottling and canning operations.
Shares of Kandi Technologies Group Inc (NASDAQ:KNDI) ended Wednesday session in green amid volatile trading. The shares closed up +0.07 points or 1.23% at $5.77 with 180,005 shares getting traded. Post opening the session at $5.69, the shares hit an intraday low of $5.65 and an intraday high of $5.82 and the price vacillated in this range throughout the day. The company has a market cap of $268.11 million and the numbers of outstanding shares have been calculated to be 47.69 million shares.
Kandi Technologies Group Inc (KNDI) announced that Kandi Electric Vehicles Group Co., Ltd. (the “JV Company,” a 50/50 joint venture between Kandi and Geely Automobile Holdings Ltd.) has signed a purchase and sale agreement with Qingdao TELD New Energy Co. Ltd. (“Qingdao TELD”) to sell its “Global Hawk” series all-electric vehicles (“EVs”) in Qingdao City, Shandong Province. The JV Company has received an initial payment of RMB56 million (approximately US$8.4 million) from Qingdao TELD.
Qingdao City is the sub-provincial city of Shandong Province and one of China’s national social and economic developing municipalities. Since the China State Council approved the plan to develop a “Blue Economic Zone” on the Shandong Peninsula – the nation’s first regional development strategy centered on the marine economy – Qingdao City has become a leading city of the Blue Economic Zone. On April 25, 2016, CBNWeekly (a magazine published by China Business Network Co., Ltd.) published an article indicating that Qingdao City made its list of new first-tier cities in China (according to a comprehensive city ranking survey). Qingdao City has a resident population of approximately 9 million and is one of China’s first pilot cities for the expanded use of renewable energy automobiles.