Mobileye N.V. (MBLY) : Traders are bullish on Mobileye N.V. (MBLY) as it has outperformed the S&P 500 by a wide margin of 17.29% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.08%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.63% in the last 1 week, and is up 22.42% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 10.47% and the 50-Day Moving Average is 21.24%.
Mobileye N.V. (NYSE:MBLY): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $47.58 and $47.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $48.08. The buying momentum continued till the end and the stock did not give up its gains. It closed at $47.95, notching a gain of 0.78% for the day. The total traded volume was 2,682,395 . The stock had closed at $47.58 on the previous day.
Institutional Investors own 74.4% of Mobileye N.V. shares.
Mobileye NV designs and develops software and related technologies for camera-based advanced driver assistance systems (ADAS). The Companys software algorithms and EyeQ system on a chip (SOC) perform detailed interpretations of the visual field in order to anticipate possible collisions with other vehicles, pedestrians, cyclists, animals, debris and other obstacles. Its products are also able to detect roadway markings such as lanes, road boundaries, barriers and similar items, as well as to identify and read traffic signs and traffic lights. It operates in two segments: the original equipment manufacturer segment and the AM segment. The OEM segment supplies the software algorithms and EyeQ chip that are the core technology of the complete ADAS to the Tier 1 companies that are the system integrators for the automotive industry. In the AM segment, it sells a complete system, which includes its software algorithms and EyeQ chip, as well as the camera and other necessary components.