Despite a big jump for Japanese auto parts maker Denso, the Driverless Transportation Weekly Stock Index (D20) took a small dip this past week, after enjoying three straight weeks of gains, rising 12 out of the past 14 weeks.
The D20 lost 2.85 points, or 1.3 percent, losing ground against the Dow, which gained 1.2 percent, and the S&P 500, which remained virtually unchanged.
The only D20 stock that moved significantly this week was Denso (DNZOY), which jumped 7.6 percent to close at $23.18 on rumors that when it reports quarterly earnings on Aug. 4, they will be above expectations.
Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.
Here, the mapping company jointly owned by Daimler, Audi, and BMW, is launching a real-time traffic service that pulls data from its joint owners’ vehicles. Here, which started as a division of phone maker Nokia, was spun out and sold to a joint venture of the three German automakers.
Momenta, a Chinese-based new entrant to the driverless car software market, recently raised $46 million in a series B venture funding. One of the funders was Daimler, which seems to have accelerated its driverless efforts recently.