Mobileye’s Rollercoaster Ride Continues
The Driverless Transportation (D20) Stock Index last week lost 2.4 points, or 1.6 percent, with 15 stocks dropping and only five rising. It finished Friday at 146.09. The Dow lost 0.5 percent to finish at 17515.73 while the S&P 500 lost 0.7 percent to end the week at 2035.94
On the strength of several industry analysts’ recent upgrades, TomTom (TOM2) jumped 8 percent, adding €0.63 to finish the week at €8.44. Renesas Electronics (TYO:6723) clocked its sixth straight up week, gaining 2 percent and ending the week at ¥745. It has gone up 23 percent since February.
Although there wasn’t any notable news for Mobileye (MBLY), its stock price sank nearly 8 percent to end the week at $34.40, making it the D20’s largest loser. Mobileye is the D20’s leading laggard since the D20’s constituents and measurement formula was realigned last August. It peaked in September at $51.10, then bottomed out on February 12th this year at $25.18. Last week’s loss was the first after five consecutive weekly of gains.
Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.