Why Mobileye Stock Is Skyrocketing Today
Mobileye (MBLY 14.62%) stock is rocketing higher in Monday's trading. The machine vision specialist's share price was up 16.4% as of 1 p.m. ET amid a 0.6% increase for the S&P 500 index and a 1.1% gain for the Nasdaq Composite index.Mobileye's valuation is surging following a recent report from TechCrunch that signals a big win for the company. According to the report, Lyft will be launching self-driving taxis using Mobileye's technologies in the not-too-distant future.Mobileye stock rockets higher on Lyft' ...