10 Firms End Trading Week Defying Market Bloodbath

3. Mobileye Global Inc. (MBLY)

Mobileye Global (MBLY), an Israeli autonomous driving technology company, reported a 2.88-percent increase in share price on the last trading day of the week, ending at $20.03 apiece.

According to analysts, investor sentiment was buoyed by announcements that the company is close to securing significant automotive deals.

RBC Capital Markets cited a presentation from the company’s investor event in Germany recently that it was nearing the completion of a partnership with a Japanese automaker. RBC identified Honda, Toyota, Nissan, and Mazda as potential candidates among the Japanese manufacturers.

It said that a deal with Honda or Toyota could be particularly impactful given their production volumes.

MBLY also appears to be in advanced talks with a European automaker for Surround ADAS (advanced driver-assistance systems) and a US automaker, which is in the negotiation phase, according to RBC.