Why Mobileye Shares Rallied Today
Shares of self-driving technology company Mobileye (NASDAQ: MBLY) were on the rise on Tuesday, up as much as 13.6%, before settling into a 8% gain as of 2:54 p.m. ET.
Mobileye announced an upgraded collaboration with key customer (OTC: VWAGY), which will implement Mobileye's new Surround ADAS (advanced driver-assistance system) into Volkswagen's MBQ modular vehicle platform for future self-driving use cases.
Volkswagen is the second-largest automaker in the world, so the new announcement could perhaps signal the beginning of a recovery for Mobileye after a tough year.
Source Fool.com
Volkswagen AG ST Stock
€97.60
2.090%
Currently there is a rather positive sentiment for Volkswagen AG ST with 4 Buy predictions and 2 Sell predictions.
With a target price of 105 € there is a slightly positive potential of 7.58% for Volkswagen AG ST compared to the current price of 97.6 €.
