During Monday’s current trade, Ford Motor Company (NYSE:F)’s shares gained 0.37%, and is now trading at $16.09.
Last Wednesday, Ford Motor Co., posted its best U.S. retail sales in nine years, driven by strong demand for its new products, counting F-Series, Mustang and Transit.
Ford continues prioritized retail sales to meet strong consumer demand, resulting in lower fleet and overall sales for the month. Ford’s March retail sales were up 1 percent, fleet sales were down 13 percent, and overall sales were 235,929 vehicles, down 3 percent.
Retail demand for F-Series was strong, with March retail sales up 10 percent. Kansas City Assembly is back up and building all-new regular cab and extended-box F-150 trucks to fill our forthcoming commercial orders and further build on F-150 momentum this year.
Transit, together with Transit Connect and E-Series offered a 42 percent raise in total Ford van sales with 20,821 vehicles sold in March. This is Ford’s best March commercial van sales performance since 1994, and its best first-quarter sales performance since 1995.
Ford Motor Corporation manufactures and distributes automobiles worldwide. The corporation operates through two sectors, Automotive and Financial Services. The Automotive sector develops, manufactures, distributes, and services vehicles, parts, and accessories. It offers vehicles primarily under the Ford and Lincoln brand names.
SandRidge Energy Inc (NYSE:SD)’s shares jumped 3.57% during the current trading session Monday, and is now trading at $1.88.
Last Wednesday, SandRidge Energy, Inc., declared that its Board of Directors has declared a $3.50 per share semi-annual dividend on its shares of 7.0% Convertible Perpetual Preferred Stock that will be paid in shares of Corporation Ordinary Stock on May 15, 2015 to holders of record on May 1, 2015. Following Section 3A of the Certificate of Designation governing the terms of the Preferred Stock, for the purpose of the dividend payment, one share of Ordinary Stock will be valued at 95% of the average of the per share volume-weighted average prices for the 15 successive trading day period ending April 28, 2015. The corporation has 3,000,000 shares of 7.0% Convertible Perpetual Preferred Stock outstanding.
SandRidge Energy, Inc., an oil and natural gas corporation, explores for and produces oil and natural gas properties primarily in the Mid-Continent region of the United States. The corporation operates through three segments: Exploration and Production, Drilling and Oil Field Services, and Midstream Services.
In an afternoon trade, Citigroup Inc (NYSE:C)’s shares raised 0.06%, and is now trading at $51.86.
Last Thursday, Citigroup Inc., acting through Citibank N.A., has been designated by Infineon Technologies AG, a world leader in semiconductors, as successor depositary bank for its Level 1 American Depositary Receipt (ADR) program, which trades on the OTCQX marketplace under symbol “IFNNY”. Each ordinary share is equivalent to 1 ADR. Infineon’s ordinary shares are listed on the Frankfurt Stock Exchange and trade under symbol “IFX.DE”.
Dr. Jürgen Rebel, Head of Investor Relations at Infineon, commented: “The recent attainment of International Rectifier has strengthened Infineon’s visibility and presence in the US. We look forward to leveraging Citi’s equity distribution network to diversify our shareholder base further and raise liquidity.”
“Citi is delighted to be designated by Infineon as successor depositary bank for its Level 1 ADR program,” said Dirk Jones, Global Head of Issuer Services, at Citi. “We look forward to working closely with Infineon providing best-in-class service to the corporation’s existing ADR holders and assisting with identifying new investors.”
Citigroup Inc., a diversified financial services holding corporation, provides various financial products and services for consumers, corporations, governments, and institutions worldwide. The corporation operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
Sprint Corp (NYSE:S), during its Monday’s current trading session enhanced 2.47%, and is now trading at $4.97.
Last Thursday, Sprint Corporation, confirmed that it is in discussions with Tidal, the new music streaming platform launched earlier this week, to determine how to best to make the service accessible to its customers. It further clarifies that it has not made an investment in Tidal. We are working together in partnership for the vision of the ordinary cause of reestablishing the value of music, it is NOT a financial investment or exclusive partnership.
Sprint also confirmed that, similarly, its parent corporation Softbank Corp. has not purchased a stake in Tidal.
Sprint Corporation provides wireless and wire-line communications services to consumers, businesses, and government users in the United States, Puerto Rico, and the U.S. Virgin Islands. It operates in two segments, Wireless and Wire-line.
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