Thinking About Buying Stock In Xpeng, GE, Tesla Or Apple?

One of the most common questions traders have about stocks is “Why Is It Moving?”

That’s why Benzinga created the Why Is It Moving, or WIIM, feature in Benzinga Pro. WIIMs are a one-sentence description as to why that stock is moving.

Here’s the latest news and updates for Xpeng, GE, Tesla and Apple.

See also: How To Buy Apple Stock

Xpeng Inc - ADR XPEV shares were trading higher Friday after the electric vehicle maker showcased its latest autonomous vehicle technology.

Xpeng kicked off an autonomous driving expedition Friday with a fleet of XPeng P7s, covering a total distance of 3,675 km across six provinces in China. The P7 is a midsize sedan that started deliveries in June 2020.

Among the highlights, the expedition will demonstrate Xpeng's Navigation Guided Pilot in complex driving scenarios on China's highways. 

General Electric Co GE this week told investors more debt reduction is on the way and offered clarity on the company’s plans to manage and reduce debt by 2023.

See also: How to Buy GE Stock

The U.S. industrial conglomerate last week reiterated its 2021 forecast and announced a deal to sell its jet-leasing business to Ireland’s AerCap Holdings NV AER as part of ongoing efforts to pare its debt. Shares however fell in reaction as investors remained unconvinced by the turnaround efforts. Here's more on that story.

Ark Funds CEO and Co-Founder Cathie Wood earlier this month on Benzinga's "Raz Report" promised a new price target was coming on Tesla Inc TSLA from Ark. On Friday, she delivered, setting a target of $3,000. Read More

Apple could have to pay $308.5 million after a federal jury in Marshall, Texas, on Friday ruled that Apple Inc AAPL infringed on a patent related to Personalized Media Communications LLC’s digital rights management. Read More

Photo courtesy: Jengtingchen via Wikimedia