Mobileye and BYD Lead D20 Rebound

The Driverless Transportation (D20) Stock Index outperformed the Dow Jones Industrial Average and the S&P 500 Index this week by adding 5.05 points and climbing 3.6 percent to close at 147.09. The Dow gained 157.70 or nearly 1 percent and the S&P 500 gained 20.02 or 1 percent. Gainers outnumbered the losers 15 to five for the D20 Index as it continues to be more volatile than the Dow or the S&P 500.

Diesel scandal woes drove Volkswagen (VLKPY) for the third week in a row, making it the D20’s biggest loser by dropping 12.5 percent and closing at $38.32. It has now lost 45 percent of its value since the D20 changed basis on August 28. Executives at Volkswagen, and its subsidiary Audi, are currently more focused on survival then on driverless technology advances.

Two very bright spots for the D20 this week were BYD Company (BYDDY) and Mobileye (MBLY). BYD continues to be the leader since the D20 Index changed its basis by gaining 13.02 percent this week and finishing at $8.44. BYD is up 28.2 percent over the last three weeks. Mobileye, on the strength of several analysts’ positive reports, reversed a two week losing streak by adding 12.7 percent to finish at $56.42.

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