Volatile Stocks in List: Tesla Motors, Inc. (NASDAQ:TSLA), ARRIS Group, Inc. (NASDAQ:ARRS), Franklin Electric Co., Inc. (NASDAQ:FELE)

April 26, 2023 12:20 am0 commentsViews: 98

Tesla Motors, Inc. (NASDAQ:TSLA) has appointed former Burberry senior VP Ganesh Srivats, adding a sales executive to assist the electric-car maker extend its reputation for automotive luxury to an increasingly global audience. Srivats, whose position as vice president for North American sales was confirmed Thursday by the company, will help Tesla deepen its already formidable brand into a premium lifestyle experience to go with its high-tech image, taking a cue from the kind of marketing BMW, Porsche and Ferrari have done. Tesla Motors, Inc. (NASDAQ:TSLA) stock price closed at $259.15 with the total traded volume of 2.61 Million shares. Its price to sales ratio ended at 9.31. Its market capitalization is 32.76 Billion. The stock owned by the Financial Institutions was 63.20% while by insiders was 0.20%.

ARRIS Group, Inc. (NASDAQ:ARRS) released on Friday that it cut its earnings and revenue outlook for the Q2, quoting stronger than anticipated headwinds, including various pending industry consolidations and a stronger dollar. The company now expects second-quarter net earnings of $0.09 to $0.13 per share, adjusted earnings of $0.51 to $0.55 per share and revenues of $1.25 billion to $1.26 billion. “The headwinds we faced in the second quarter were stronger than anticipated resulting in the update to our second quarter,” said ARRIS Chief Executive Bob Stanzione. “Our business continues to be impacted by external factors, most notably the various pending industry consolidations and by the strengthening of the US dollar…we anticipate that these factors will continue to impact us in the second half of 2015,” added Stanzione. ARRIS Group, Inc. (NASDAQ:ARRS) has the market capitalization of 4.50 Billion. Shares of firm climbed 1.82% to close at $30.85 with the total traded volume of 1.11 Million. The firm has current ratio of 1.90 for the most recent quarter.

Franklin Electric Co., Inc. (NASDAQ:FELE) reported on Friday that it anticipates Q2 adjusted EPS to be around $0.35, as compared to its prior guidance of $0.54 to $0.58, due to significantly lower sales. Gregg Sengstack, Chairman and Chief Executive Officer of Franklin Electric, said, “Record rainfall during May and June in North America, especially in the Central region of the U.S., lower than expected shipments of the Pioneer branded de-watering equipment that largely supports the oil exploration end markets in the U.S., a significant slowing in the growth of our business in Brazil and further weakening of key developing region currencies all drove results significantly below our initial estimates for the quarter.” Franklin Electric Co., Inc. (NASDAQ:FELE) begun last trade with a price of $31.24 and throughout the trading session climbed at a high of $31.65. The day-trade ended with -3.10% to $30.04. The stock is going forward to its 52 week low with -2.31% and lagging behind from its 52 week high price with -24.76%. FELE last month stock price volatility remained 4.03%.

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