Hot Stocks in Action: General Motors Company (NYSE:GM), KLA-Tencor Corporation (NASDAQ:KLAC), Hasbro Inc. (NASDAQ:HAS)

April 26, 2023 4:42 am7 commentsViews: 59

General Motors Company (NYSE:GM) is increasing stakes on its bet so as to sales of fuel-thirsty sport utility vehicles will keep driving its worldwide profits as Chinese as well as other markets sag. GM reported on Tuesday it aims to spend $1.4B to modernize the factory in Arlington, Texas, with the intention of builds the Cadillac Escalade, Chevrolet Suburban as well as GMC Yukon sport utility vehicles. It’s the leading single investment in a $5.4B, three-year plant upgrade program reported earlier this year. GM CEO Mary Barra has promised investors with the intention of the automaker will generate an average 20 percent return on its capital investments going forward, but the money spent on Arlington will deliver well in excess of that, people familiar with the company’s plans say. General Motors Company (NYSE:GM) begun last trade with a price of $31.59 and throughout the trading session climbed at a high of $31.99. The day-trade ended with 0.28% to $31.77. The stock is going forward to its 52 week low with 13.29% and lagging behind from its 52 week high price with -17.67%. GM last month stock price volatility remained 1.94%.

KLA-Tencor Corporation (NASDAQ:KLAC) reported that its board has allowed an surge in the level of the firm’s quarterly dividend from $0.50 to $0.52 per share. This signifies a four percent increase compared to the prior quarterly dividend. The company said this increase anticipated to take effect beginning with KLA-Tencor’s quarterly dividend to be declared in August 2015. KLA-Tencor Corporation (NASDAQ:KLAC) stock price closed at $55.63 with the total traded volume of 2.29 Million shares. Its price to sales ratio ended at 3.23. Its market capitalization is 8.90 Billion. The stock owned by the Financial Institutions was 94.40% while by insiders was 0.20%.

Hasbro Inc. (NASDAQ:HAS) declared that it inked a letter of intent to sell its manufacturing locations in East Longmeadow, Massachusetts as well as Waterford, Ireland to the Cartamundi Group. The specific terms of the transaction were not revealed. As per the terms of the accord, Cartamundi will continue to employ all regular manufacturing and distribution employees located in East Longmeadow and Waterford on comparable terms. It is anticipated that the transaction, which is subject to the signing of definitive agreements and the satisfaction of specified closing conditions, will close in the third quarter of 2015. Hasbro Inc. (NASDAQ:HAS) has the market capitalization of 9.80 Billion. Shares of firm climbed 0.60% to close at $78.69 with the total traded volume of 2.42 Million. The firm has current ratio of 2.90 for the most recent quarter.


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