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MarketBeat
MarketBeat
Business
Jeffrey Neal Johnson

Mobileye's Manic Monday: A Buy Signal in Auto Tech

In a market searching for direction, shares of Mobileye Global (NASDAQ: MBLY) recently provided a clear signal of strength, climbing more than 4% and decisively outperforming the broader indices.

The driver behind this momentum was a piece of fundamental news: the announcement of a new, high-volume Driver Monitoring System (DMS) contract with a major, yet-unnamed, U.S. automaker.

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