Harman International Industries, Incorporated (NYSE:HAR) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with 0.05% to $109.71. Harman International Industries Inc. (HAR) released that a strategic partnership and investment in Silicon Valley innovator Navdy to offer an aftermarket Augmented Reality Driving Device to automotive OEMs.As part of the agreement, Harman will have exclusive rights to distribute the new co-branded aftermarket Navdy.
The new Navdy product is the world’s first aftermarket heads-up driving device that projects both mobile application information and car data information directly over the road allowing drivers to Look Forward while Staying Connected.The aftermarket HUD solution will provide a safe and satisfying driving experience.
Doug Simpson, founder and CEO of Navdy said, “The product is accessible in North America with plans to extend to Europe, Asia and South America. The Navdy with HARMAN device joins a number of automotive aftermarket product innovations from HARMAN’s well-known brands like JBL.” The share price of HAR attracts active investors, as stock price of week volatility recorded 0.28%. The stock is going forward to its 52-week low with 70.36% and lagging behind from its 52-week high price with -1.03%.
Nucor Corporation (NYSE:NUE) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 0.74% to close at $65.58 with the total traded volume of 2.84 Million shares. Nucor Corp. (NUE) released that it has decided to acquire Southland Tube, an independent manufacturer of hollow structural section or HSS steel tubing, for $130 million.HSS is used in a broad array of structural and mechanical applications including nonresidential construction, infrastructure, and heavy equipment end-use markets.
Southland Tube has one facility located in Birmingham, Alabama, which is well situated to serve the HSS market.Approximately 280 non-unionized teammates work at the Birmingham facility. With annual shipments of about 240,000 tons, Southland Tube has the third largest market share in HSS steel tubing. The firm has institutional ownership of 80%, while insider ownership included 0.40%. Its price to sales ratio ended at 1.33. NUE attains analyst recommendation of 2.60 with week performance of 6.41%.