Tesla Petition Reaches the White House and 2 More Heavily Traded Stocks To Follow
Tesla Motors (NASDAQ:TSLA): Closing price $115.24
Supporters of Tesla’s quest to sell cars in all 50 states have now collected a sufficient number of signatures on their petition to deserve a response from the White House. The petition drive instigated by a fan named Ken surpassed the 100,000-signature mark this week, which means that the White House will give an answer of some sort to the request.
Zynga (NASDAQ:ZNGA): Closing price $3.43
As if Zynga is not making enough headlines this week by appointing a new chief executive, the firm has just filed its 8K regulatory filing that lists the compensation necessary to bring Microsoft Xbox chief Don Mattrick to the helm, replacing company founder Mark Pincus. All told, without figuring in upticks to the stock that have already happened, the longtime gaming executive will rake in $50 million in cash and stock compensation over a number of years. However, if the shares skyrocket — and they have moved up significantly since his hiring — the package would be worth far more.
MannKind Corp. (NASDAQ:MNKD): Closing price $6.87
On Wednesday, MannKind said it entered into a secured financing with affiliates of Deerfield Management Co., who will acquire as much as $160 million in senior secured notes. Pursuant to the terms of the financing, Deerfield will provide up to four tranches of $40 million apiece. The notes will accrue interest at a rate of 9.75 percent per year until maturity in 2019.