With 10 price gainers and 10 price losers this week, one would expect the Driverless Transportation Weekly Stock Index (D20) to take a week off and end its consecutive gain streak, but the D20 defied convention and rose for the sixth straight week. Led by Blackberry once again, the D20 added 2.83 points, or 1.4 percent, to end the week at 210.16, which is a new high.
The Dow and S&P 500 kept pace with the D20 this week as the S&P 500 rose 1.4 percent and the Dow gained 1.3 percent to close over 21,000 at 21,080.28.
For the second week in a row, Blackberry (BBRY) was the leading percentage price gainer, jumping 7 percent to close at $11.11 a share on news that its settlement from a royalty dispute with Qualcomm was significantly higher than originally expected.
This week, Ford Motor Co. (F) shook up the industry by replacing its CEO with the head of its new mobility division. By losing more than 20 percent of its value, Ford’s stock has had the worst record of any D20 stock since August of 2015, and may finally be getting serious about changes to the 114-year-old enterprise.
Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.
Innoviz, an Israeli start-up, has announced a solid state after-market LiDAR unit aimed at the prototyping and testing market for automakers and Tier-1 auto parts suppliers. The unit, called InnovizPro, is squarely aimed at the market where driverless car companies are spending near $70,000 a unit for Velodyne LiDAR systems for their prototypes and testing units.