In anticipation of Q2 2017 earnings, scheduled to be announced this Wednesday, Sept. 28, Blackberry (BBRY) surged this week, jumping up 9.7 percent to close at $7.91.
Rumors continue to surround the Canadian company about its transformation to a software company and potential exit from the phone handset hardware business. Will there be a large announcement on Wednesday? We will have to wait and see.
Seventeen price gainers, one unchanged, and only two losers helped the Driverless Transportation Weekly Stock Index (D20) rise 3 percent this week, climbing over the 160-point mark to finish at 161.46.
The D20 easily outpaced the Dow’s 0.8-percent gain and the 1.2-percent jump in the S&P 500.
TomTom (TOMS) had a good week after announcing that it had been chosen by Volkswagen’s (VLKPY) heavy truck division, MAN, to provide mapping capability to its new RIO connected-vehicle offering.
TomTom’s stock, listed on the Amsterdam exchange, climbed 7.7 percent to close at €8.29 while Volkswagen’s ADR shares inched up 1.6 percent and ended the week at $26.76.
Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.
San Francisco-based Aria Systems, which has built a secure, cloud-based platform for generalized recurring billing, has entered the on-demand transportation market by offering Aria for Connected Vehicles. Among other features, this platform will allow Car Manufacturers to offer a secure way to bill consumers for hourly on-demand access to vehicles.