Shares of Ford Motor Company (NYSE:F) [Trend Analysis] swings enthusiastically in regular trading session, it an increase of 0.96% to close at $12.56. Ford Motor Co (F) declared that it is stockpiling 2017 model F-150 trucks, delaying delivery to dealers while it runs final tests on a new 10-speed transmission, a top executive told Reuters. The trucks should be delivered by the end of the year, Joe Hinrichs, head of Ford’s automotive operations in the Americas said in an interview on Monday. “We are launching the new Raptor and F-150 with the new 10-speed transmission,” Hinrichs said.
“We continued building but we’re holding (trucks) longer so we could do more testing and make sure everything is right before we release them,” Hinrichs said. Extra testing is surely prudent in an industry plagued by frequent and costly automotive safety recalls. But Ford’s shipping delays come as rival General Motors Co (GM.N) is aggressively trying to cut into Ford’s lead in U.S. pickup sales.
Taking aim at the “Built Ford Tough” ad campaign, as part of a bid dominate the lucrative light truck and sport utility vehicle market, GM rolled out a series of hard-hitting TV commercials over the summer. Punching holes, literally, in the lightweight aluminum beds featured in Ford’s new line of pickups, the ads tout the alleged advantages of the roll-formed, high-strength steel beds in GM’s trucks. Moving forward to saw long-term intention, the experts calculate Return on Investment of 3%. The stock is going forward its fifty-two week low with 17.95% and lagging behind from its 52-week high price with -9.59%. F last month stock price volatility remained 2.27%.
Matador Resources Company (NYSE:MTDR) [Trend Analysis] retains strong position in active trade, as shares scoring -1.93% to $24.94 in a active trade session, while looking at the shares volume, around 6.13 Million shares have changed hands in this session. Matador Resources Company (MTDR) released that it has priced an upsized private offering of $175 million aggregate principal amount of its 6.875% Senior Notes due 2023. The Additional Notes will be issued at 105.5% of par, plus accrued interest from October 15, 2016. The offering is expected to close on December 9, 2016, subject to customary closing conditions.
The Additional Notes are being offered as additional notes to Matador’s existing $400 million aggregate principal amount of 6.875% Senior Notes due 2023 that Matador issued in a private placement on April 14, 2015. The Additional Notes and the notes issued on April 14, 2015 will be treated as a single class of debt securities and will have identical terms, other than the issue date.
However, because Matador is issuing the Additional Notes in a private offering exempt from registration under the Securities Act of 1933, as amended, they initially will not be fungible for trading purposes with the existing notes and will trade under different CUSIP numbers. Following the completion of a registered exchange offer for the Additional Notes, they will be fungible with the existing notes and will trade under the same CUSIP number as the existing notes. The firm has institutional ownership of 86.10%, while insider ownership included 1.30%. MTDR attains analyst recommendation of 2.20 with week’s performance of 9.96%. Investors looking further ahead will note that the Price to next year’s EPS is 1320%.