Ups & Downs At Street: General Motors Company (NYSE:GM), E-Commerce China Dangdang Inc. (NYSE:DANG), Accenture plc (NYSE:ACN)

April 26, 2023 4:00 am12 commentsViews: 59

General Motors Company (NYSE:GM) expected to released that it’s spending over $1B on a huge extension of its SUV factory in Arlington, Texas. The firm wouldn’t comment on specifics of the investment, other than it has slated a news conference for 1 p.m. Central Time at the factory. Cathy Clegg, GM’s manufacturing as well as labor relations chief, more over United Auto Workers VP Cindy Estrada, who handles negotiations by means of GM, are amid those scheduled to attend. Sales of the big GM SUVs are up more than 10 percent through June, according to Autodata Corp. GM has sold more than 111,000 of the truck-based vehicles this year as low gas prices have helped shift U.S. buyers away from cars and into SUVs of all sizes. But the boom in SUV sales began even before gas prices fell. On the other consideration, General Motors Company (NYSE:GM) begun last trade with a price of $31.87 and throughout the trading session climbed at $31.90. The day-trade ended with a gain of 0.89% to close at $31.68.

E-Commerce China Dangdang Inc. (NYSE:DANG) released on Monday that its BOD has formed a special committee consisting of three independent, disinterested directors, Ruby Rong Lu, Ke Zhang as well as Xiaolong Li, to consider the non-binding “going private” offer that the Board got on July 9. Ruby Rong Lu will chair the special committee. The special committee intends to retain independent legal and financial advisors in due course, to assist it in this process. As previously reported, the board received a preliminary non-binding proposal letter from Ms. Peggy Yu Yu, Chairwoman of the Board of Directors of the company, and her spouse, Guoqing Li, Chief Executive Officer and director of the company, to acquire all outstanding common shares of the company not beneficially owned by them or their affiliates, comprising Class A common shares represented by American depositary shares, for $7.812 per ADS in cash, or $1.5624 per Class A common share. E-Commerce China Dangdang Inc. (NYSE:DANG) stock hit highest price at $7.05, beginning with a price of $6.77 to close at 6.98 by an advance of 6.24% with a day range of $6.61-$7.05. The total market capitalization remained 564.10 Million, total volume of 4.19 Million shares held in the session was surprisingly higher than its average volume of 2471.86 shares.

Technology outsourcing and consultancy company, Accenture plc (NYSE:ACN) released that it has assisted Shanghai Electric Power Co. Ltd. in its initial extension into the European energy market, which comprised investments in the power-generating market in Malta as part of its globalization attempts. In its strategic consulting role, Accenture will now assist Shanghai Electric by means of post-merger integration in Malta and with international branding. Shanghai Electric completed its first European power-generation investment. Shares of Accenture plc (NYSE:ACN) opened at $99.35 with 658.90 million outstanding shares and hit to its highest price of $100.76 during the day and finally closed at $100.55 by scoring 1.79%. In the whole session, it traded on volume of 3.46 Million shares, which turned higher than its average volume.


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