Dec 24, 2013

Posted by in Featured, Stock Market News | 0 Comments

Stocks Gaining Momentum: Tesla Motors Inc (NASDAQ:TSLA), Supernus Pharmaceuticals Inc (NASDAQ:SUPN), CytRx Corporation (NASDAQ:CYTR), Kandi Technologies Group Inc (NASDAQ:KNDI)

Stocks Gaining Momentum: Tesla Motors Inc (NASDAQ:TSLA), Supernus Pharmaceuticals Inc (NASDAQ:SUPN), CytRx Corporation (NASDAQ:CYTR), Kandi Technologies Group Inc (NASDAQ:KNDI)

Tesla Motors Inc (NASDAQ:TSLA) jumped 6.65 percent to $153.10 in the current trading session following the news that federal safety agency restated its five-star safety rating for the company’s Model S sedan in spite of  recent incidents of fire. TSLA shares are trading in the range of $149.82 to $154.97. The company has a market capitalization of $18.86 billion.

Supernus Pharmaceuticals Inc (NASDAQ:SUPN) made a new 52-week high of $9.05 in the mid-day trading session today after the specialty pharmaceutical company revealed that FDA has authorized  Orenitram™. SUPN shares are trading in the range of $8.31 to $9.05 today. The company has a market capitalization of $282.25 million.

CytRx Corporation (NASDAQ:CYTR) jumped 16.02 percent to $5.07 today on traded volume of 2.41 million shares. The 52-week range of the stock is $1.80 to $6.79. CYTR shares have been showing positive movement from the last few weeks. The stock increased more than 80 percent in the past one month.  CytRx s a biopharmaceutical research and development firm working in the field of oncology. The company has a market capitalization of $215.26 million.

Kandi Technologies Group Inc (NASDAQ:KNDI) rose 9.57 percent to $8.43 today on traded volume of 1.55 million shares. The 52-week range of the stock is $3.37 to $9.20. Kandi Technologies, with the help of its subsidiaries, is engaged in designing, developing, manufacturing and marketing of a range of vehicles. The company has a market capitalization of $311.36 million.

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