Why Foresight Autonomous Holdings Stock Jumped Friday
Shares of Foresight Autonomous Holdings (NASDAQ: FRSX) spiked as much as 18% Friday morning before paring some of those gains. As of 11:30 a.m. EST today, shares were still 12% higher than Thursday's closing price.
The company focuses on driver-assistance and autonomous-driving technologies, and said it has now completed the pilot phase with a Japanese automotive manufacturer for its Eye-Net Mobile subsidiary product. The results have enabled the unnamed global Japanese carmaker to conclude that Eye-Net will be suitable for the traffic-safety system of a smart-city project.
Source Fool.com
