The autonomous driving technology sector has its fair share of enthusiasts considering the fact that there are now plenty of companies which are working on self-driving vehicles. There are some companies which are involved in the self-driving technology sector and one of those is MicroVision Inc (NASDAQ:MVIS).
Trading Data
On Friday, MVIS stock gained 3.30% to $2.82 with more than 7.96 million shares, compared to its average volume of 5.12 million shares. The stock has moved within a range of $2.6100 – 2.8600 after opening trade at $2.81.
Major Trigger
The company is a specialist in autonomous driving technology and has also done significant work in the LIDAR sensors space. In addition to that, MicroVision is also regarded as the company to have come up with the innovative laser beam scanning technology based on MEM.
As one can see, the company could be an interesting proposition for many investors. However, over the course of the past month the stock has been in the middle of a strong selloff and gone down by as much as 44% as a consequence.
Back in December last year, the company had come into focus after it had showcased its LIDAR technology at a major industry event held in Las Vegas. At this point in time, it may be a good idea for investors to consider adding the stock to their watch lists and look out for any recovery in the coming days.
Technical Data
MVIS stock is trading below the 20-Day and 50-Day Moving averages of $3.83 and $5.29 respectively. Moreover, the stock is below 200-Day moving average of $11.83.
