Denso and Google’s Alphabet Inc. the Only Bright Spots Among D20’s Broad-Based Losses

Eighteen losers and only two gainers ensured that this would be a down week for the Driverless Transportation Weekly Stock Index (D20).

The D20 lost 2.5 percent of its value to close down 4.05 points at 156.40.  The Dow and S&P 500 were also down for the week, but not nearly as much as the D20.  The Dow lost 0.6 percent and the S&P lost 1 percent.

The two bright spots were the Japanese Parts maker Denso Corp. (DNZOY) and Alphabet Inc. (GOOG).  Denso was up 2 percent, gaining $0.40 to close at $20.62, while Google gained $3.45 or 0.5 percent to close at $778.53.

Mobileye (MBLY) was the D20’s biggest price percentage loser.  Its stock price dropped $3.81, or 9.3 percent, to close at $36.99.

TomTom (TOM2) had more bad news as its share price plummeted 5.0 percent on the announcement that its Q3 revenue dropped 6 percent.

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

 

Up-and-Comers:

Optimus Ride, an MIT-spinoff startup, has raised $5.25 million in a seed round to develop driverless technology.  CEO Ryan Chin has assembled an all-star cast in which lead investors NextView Ventures, FirstMark Capital and D20 constituent, Nvidia (NVDA), have placed their money and their trust.