Large Inflow of Money Detected in Mobileye N.V.

Mobileye N.V. (MBLY) : Investors lapped up stocks on upticks to the tune of $29.18 million in the Tuesdays trading session. The trading value on downticks was comparatively at $23.03 million and the uptick to downtick ratio of 1.27 indicates continuous buying by the bulls. The net money flow into the stock was $6.15 million. The block trades were dominated by the bulls with a healthy 2.77, uptick to downtick ratio. Only $3 million worth of trades exchanged hands on downticks showing the reluctance of the large traders to part with their holdings. Upticks saw transactions worth $8.32 clearly indicating buying by large investors. The total money flow for block trades stood at $5.32 million, which is a positive for the stock in the long-term. Mobileye N.V. (MBLY) fell $0.02 during the day at $48, a drop of -0.04% over the previous days close. However, for the week, the stock is 0.48%, compared to the previous week.


Also, Brokerage firm Dougherty & Company upgrades its rating on Mobileye N.V. (NYSE:MBLY). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on July 27, 2016.

Mobileye N.V. has dropped 2.98% in the last five trading days, however, the shares have posted positive gains of 4.65% in the last 4 weeks. Mobileye N.V. is up 26.26% in the last 3-month period. Year-to-Date the stock performance stands at 13.95%.

Mobileye N.V. (NYSE:MBLY): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $48.34 and $47.60 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $48.36. The buying momentum continued till the end and the stock did not give up its gains. It closed at $48.18, notching a gain of 0.33% for the day. The total traded volume was 3,314,308 . The stock had closed at $48.02 on the previous day.

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.

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