KEY POINTS

  • Shares of Hyundai and Kia surged as a potential deal with Apple to build electric vehicles emerges
  • The $3.59 billion deal is expected to be finalized on Feb. 17
  • The first Apple Car will most likely be self-driving, or autonomous

Shares of South Korean automakers Kia and parent company Hyundai surged Thursday after news of a potential deal with Apple to manufacture autonomous electric cars. 

Hyundai and Kia saw their shares rise by 1.22% and 0.31%, respectively, in the Thursday morning trade after it was revealed both were close to finalizing the $3.59 billion deal with Apple to produce electric vehicles at the Kia assembly plant in Georgia. 

A South Korean news outlet said Apple and the two car manufacturers are expected to sign the deal on Feb. 17. 

The agreement comes after years of speculation about whether the game-changing tech company known for its iPhones, iWatches and

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Gainers

BlackBerry (NYSE:BB) stock rose 9.53% to $19.75 during Monday’s after-market session. At the close, BlackBerry’s trading volume reached 2.7 million shares. This is 10.05% of its average volume over the last 100 days. The market value of their outstanding shares is at $11.1 billion.

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Bridgeline Digital (NASDAQ:BLIN) shares moved upwards by 4.0% to $3.64. This security traded at a volume of 2.4K shares come close, making up 0.97% of its average volume over the last 100 days. The company’s market cap stands at $16.0 million.

Akoustis Technologies (NASDAQ:AKTS) shares increased by 3.7% to $17.62. This security traded at a volume of 34.8K shares come close, making up 4.33% of its average volume over the last 100 days. The company’s market cap stands at $680.6 million.

Nokia (NYSE:NOK) stock rose 3.7% to $5.04. At the close, Nokia’s trading volume reached 5.6 million shares. This is 17.15% of its

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TipRanks

2 Stocks Flashing Signs of Strong Insider Buying

Tracking insiders’ stock purchases can make a viable investment strategy. Corporate insiders – the company officers and board members – are naturally positioned to be in the know, to know how company policies and performance will impact stock prices. They can use that knowledge to inform their own stock purchases – but not unfairly. By law, they must disclose publicly their own stock holdings, and the general public can learn from those purchases and sales. Insider moves can informative or uninformative. The latter are simple shifts in portfolio holdings, usually not of great magnitude, done to tweak an ownership percentage or adhere to a tax regulation. The informative moves, however, are different. These are the big-number buys and sells – and when an insider, or several insiders, start making informative share moves, market watchers should take note. These are signs that

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Investors focused on the Computer and Technology space have likely heard of Avalara (AVLR), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of AVLR and the rest of the Computer and Technology group’s stocks.

Avalara is one of 606 companies in the Computer and Technology group. The Computer and Technology group currently sits at #6 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to

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