Shares of Ford Motor Co. (F) are higher by 1.15% to $14.03 in morning trading on Tuesday on news the automaker’s total U.S. sales for the month of August were up 5% to 234,237 vehicles — the best August performance in nine years.
Amazon.com Inc. (AMZN) shares fell 1.45% to $505.43 in early trading. The e-commerce giant today announced that Prime members in the U.S., U.K., Germany and Austria will now be able to download movies and TV episodes to iPhones, iPads and Android phones and tablets for offline viewing, at no additional charge.
Shares of SunEdison, Inc. (SUNE) are up more than 2% this morning after Steven Cohen’s Point72 Asset Management announced it has taken a 5.1 percent stake in the solar energy company.
Cohen’s investment firm purchased 15.95 million SUNE shares. Based on the stock’s Monday’s closing pps of $10.40, the stake is valued at approximately $166 million.
Shares of Maryland Heights, Missouri-based company are down 47% since the beginning of the year.
Dollar Tree, Inc. (DLTR) reported second quarter 2015 non-GAAP EPS of $0.67 before the opening bell Tuesday, compared to the consensus estimate of $0.68. Revenues increased 48.3% from last year to $3.01 billion. Analysts expected revenues of $3.31 billion. The stock is currently down $5.53 to $70.73 on 2.43 million shares.
Shares of Lucas Energy, Inc. (LEI) spiked up by more than 67 percent on Tuesday after the oil and gas company announced in a press release that it has entered into a Line of Credit and an amendment of its senior secured note, effective on August 28, 2015.
Lucas Energy said pursuant to the line of credit, and subject to various closing conditions, including its common stock continuing to trade on the NYSE, the company has the right to $2.4 million in funding ($200,000 per month for 12 months). Any funding raised pursuant to the line of credit is to be evidenced by Convertible Promissory Notes accruing interest at the rate of 6% per annum, with a conversion price of $1.50 per share.
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