D20 in a Rebound as Renesas Jumps

The Driverless Transportation (D20) Stock Index, the Dow Industrials and the S&P 500 Index all saw a rebound last week. With a 7.8 percent increase to ¥772, Renesas (TYO:6732) was this week’s largest gainer in the D20. Acquisition rumors continue to swirl around Renesas as the microcontroller industry consolidates, driving prices up.

The D20 outperformed the Dow and S&P by adding 3.07 points, or 2.24 percent, to close the week at 140.02. The Dow moved up 0.7 percent to finish at 16093.51 while the S&P added 1.4 percent to end the week at 1906.9 halting a three week plunge for all three indexes.

Last week the D20 had 16 gainers, three losers and Volvo AB (VOLVY) remained unchanged.  This week’s three losers were Delphi (DLPH), down 3.6 percent, Tesla (TSLA), shedding 1.2 percent, and General Motors (GM), dropping 1 percent.

Graphic by IHS Inc.

Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.