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MBLY LATEST HEADLINES
Mobileye (MBLY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Earnings growth typically drives stock prices. Three stocks are set to grow at double and even triple-digit rates this year, yet their prices stay at more than 30% discounts from their 52-week highs.
Stocks are up today and investors wondering why have come to the right place as we know why shares are climbing on Tuesday! The biggest factor moving stocks up today is the meeting of the Federal Open Market Committee (FOMC).
Shares of autonomous driving technology company Mobileye Global (NASDAQ: MBLY ) are rising after the firm won an expanded agreement with Volkswagen (OTCMKTS: VWAGY ). The agreement is set to bring Mobileye features to Volkswagen vehicles, as well as the Audi, Bentley, Lamborghini and Porsche brands.
Volkswagen will bring new automated driving technologies to series production as it deepens its partnership with Mobileye in automotive driving technologies, Europe's biggest carmaker said on Wednesday.
The deal builds on an existing supplier relationship between the two companies.
Near-term headwinds have brought Mobileye stock down to more attractive prices.
Mobileye (MBLY) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
It's another green day in the stock market, with many tech stocks leading the way higher. Investors in Mobileye (NASDAQ: MBLY ) have seen some of the most significant gains, with MBLY stock surging more than 11% this afternoon.
Mobileye (MBLY) jumps after presenting at Morgan Stanley's tech conference. Kevin Green discusses this as Mobileye says it's on track for at least 100% increase in 2Q versus Q1, as excess inventory is cleared out.