Kolkata, West Bengal -- (SBWIRE) -- 09/20/2013 -- Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on Kandi Technolgies Corp. (NASDAQ:KNDI), NIKE, Inc. (NYSE:NKE).
Kandi Technolgies Corp. (NASDAQ:KNDI) shares gained 22.04% to $6.70. The company on Sept. 19 said the Chinese government's recently released subsidy policies are expected to bolster the vehicle maker's efforts in the electric-vehicle market.
The maker and developer of electric vehicles and all-terrain vehicles said the policy, which covers pure electric vehicles, plug-in electric hybrid vehicles and fuel-cell battery vehicles aims to encourage purchases by government agencies, public organizations and public transportation organizations. Under the policy, the Chinese government would provide as much as 60,000 yuan (US$9,798) for the purchase of an all-electric passenger vehicle and up to CNY500,000 for an electric bus. The policy also includes benchmarks for pilot programs in Chinese cities and regions.
Should Investors Buy KNDI After Yesterday’s Jump? Find Out Here
NIKE, Inc. (NYSE:NKE) stock jumped 0.03% to $69.50. The company plans to release its first quarter fiscal 2014 financial results onThursday, September 26, 2013, 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.
Is NKE A Good Buy After The Recent Price Movement? Find Out Here
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