Mobileye Flip Flops, D20 Index Hovers

The Driverless Transportation (D20) Stock Index last week dropped nearly 2 percent as five gainers were overmatched by 15 losers.

The largest percentage price gainer was Renesas (TYO:6723), adding ¥19, or 3 percent, to close at ¥648. The financial uncertainty caused by April’s Kumamoto earthquakes to Renesas’s manufacturing operations has ended with the recording of a special loss of ¥8 Billion ($75.2 Million USD). Large one-time losses seem to be better news than financial uncertainty.

Two weeks ago it was huzzahs for Mobileye because it was the D20’s top percentage price leader. Last week that all turned around as the one-time investor’s darling was the D20’s percentage price loser. Mobileye (MBLY) has been on a roller coaster ride as the market tries to figure out how big and how soon the firm’s technology could become widely used for autonomous or semi-autonomous driving. What announcements will be forthcoming at its 2016 annual meeting in Amsterdam scheduled for June 29?

The D20 lost ground against the Dow, which gained 0.3 percent, and the S&P 500, which lost only 0.1 percent. The D20 has hovered since early March in the 145 to 150 range, the same level it was at a year ago at this time.

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