Shares of Mobileye N.V. (MBLY) Sees Large Outflow of Money

Mobileye N.V. (MBLY) : The total money flow in Mobileye N.V. (MBLY) was negative ($6.28 million), showing the domination of sellers in the Wednesday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $25.74 million. Transactions on upticks were comparatively lower at $19.45 million. The uptick to downtick ratio was 0.76. The total block trades done on upticks were valued at $2.99 million. The total block trades on downticks were valued at $10.22 million. The uptick to the downtick ratio of block trades was 0.29. The money flow during block trades was negative ($7.23 million) when the stock traded with a gain of $32 cent. Mobileye N.V. (MBLY) was $48.32, an increase of 0.66% over the previous days close.


Also, Equity analysts at the Brokerage firm Goldman Sachs downgrades its rating on Mobileye N.V. (NYSE:MBLY). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The Analysts at Goldman Sachs lowers the price target from $45 per share to $40 per share. The rating by the firm was issued on June 28, 2016.

Mobileye N.V. (NYSE:MBLY): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $48.13 and $47.36 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $48.68. The buying momentum continued till the end and the stock did not give up its gains. It closed at $48.21, notching a gain of 0.44% for the day. The total traded volume was 1,948,075 . The stock had closed at $48.00 on the previous day.

The stock has recorded a 20-day Moving Average of 7.62% and the 50-Day Moving Average is 19.65%.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.