The agreement with Mobileye that boosted the Israeli company on Nasdaq by 28%

The last trading days of the week were conducted on Wall Street in a mixed trend. In the summary of the trading days Thursday and Friday, the leading indices recorded moderate declines: the S&P 500 index and the Nasdaq index each weakened by 0.5%, and the Dow Jones index fell by 0.7%. These are the Israeli stocks that stood out in trading:

Inviz jumped following the integration into the Mobileye system

stock Inviz Soared on Thursday and Friday by 28.1% and completed a weekly increase of 36%. The autotech company from Rosh Ha’Ein, under the management of the founder Omar Khilaf, is now traded on Nasdaq at a value of 157 million dollars.

Last week’s increases came after Inviz announced thatMobileye Integrate Inviz’s LiDAR technology into its systems. Let’s recall that Mobilay closed its LiDAR unit a few months ago and laid off about 100 employees.

Inviz develops LiDAR, laser sensors for the automotive industry, and it began trading on Wall Street when it was merged with the SPAC company in 2021, which was a record year for the field. The company’s value at the time of the merger was $1.4 billion, and since then like many technology companies merged into a SPAC, Inviz has lost most of its value. However, since the low it reached last month, the stock has jumped 91%.

Sargon has doubled in size in recent weeks

stock Sargon Although it weakened at the end of the trading week, it ended the week with an increase of 11.4%. In a period of just over five weeks, the stock almost doubled, from a price of $2.4 to $4.79, a price that reflects a value of $411 million for the company managed by Doron Arzi. In the past, Sargon’s value was higher, although about two years ago it repelled a hostile takeover attempt by a competitor, who offered it an amount of $3.08 per share and a total of about $259 million – a value that constituted a premium at the time but which Sargon has since overtaken.

Sargon was recently written about on the investor website Simply Wall Street, where it was noted that the company manages to increase efficiency and increase the rate of return on capital. On another investor site, Zacks, Sargon was noted as one of the companies expected to benefit from the great demand for wireless communication infrastructure and the acceleration of the implementation of the fifth generation in cellular (5G). Sargon, located in Rosh Ha’Ain, is a communications equipment company and provides customers with wireless transmission solutions. The company is part of the Red Group.

Liveperson is on the decline

stock Liveperson It weakened by 5.9% in the last two trading days of the week, and closed at a price of 80 cents, which reflects the company’s market value of 72 million dollars. The company’s stock has already traded recently at a price higher than one dollar, but has weakened again to below the price of one dollar, and is expected to receive a warning from the Nasdaq management for not meeting the threshold conditions for continued trading.

Liveperson, managed by John Sabino, is an American company that also has operations in Israel and its stock is traded within the framework of dual listing on the Tel Aviv Stock Exchange, alongside trading on the Nasdaq. The company provides SaaS (software as a service) solutions to organizations, for managing their relationship with their customers During the Corona crisis, the company’s stock reached a peak that reflected a value of 4.7 billion dollars, but since then it has lost most of its value after which disappointed investors and reduced forecasts.