GM is Dismal D20’s Lone Winner

Driverless Transportation

The Driverless Transportation (D20) Stock Index continued its dismal 2016 performance, losing 5.7 percent of its value and falling to 136.90 last week. That put it in territory not seen since February 2015 and below where it started in August 2014. The Dow fell 2.2 percent to finish at 15,988.08 and the S&P dropped to 1880.33, down 2.2 percent.

Losers outnumbered gainers 18 to one, with AB Volvo (VOLVY) ending up unchanged for the week. Mobileye (MBLY) was the biggest loser, falling $8.76, or nearly 23 percent, to close at a 52-week low of $29.98. Several analysts lowered their stock price expectations for the Jerusalem-based provider of collision-avoidance vision systems. Advanced GPS and mapping house TomTom NV (TOM2) was the only other double-digit loser, dropping €1.21, or more than 11 percent, to end the week at €9.50 a share.

Sole D20 bright spot General Motors (GM) saw its stock tick up $0.04 to close at $29.57 on a combination of rising earnings per share expectations and the continuing reverberations from the previous week’s $500 million investment in Lyft.

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