On Apr 10, 2015, shares of Delphi Automotive PLC reached a new 52-week high of USUS$85.21, before eventually closing at US$84.71. The closing price represents a year-to-date return of 16.5%, much higher than the S&P 500’s total return of 2.1%. Average volume of shares traded over the last three months is roughly 2.09 million.
Share Price Drivers
Delphi Automotive’s shares are gaining since the company’s announcement that it has recently used an automated vehicle to travel from San Francisco to New York. Apart from being the first coast-to-coast trip in an automated vehicle, this was the longest automated drive in North America. Delphi Automotive used the drive to collect information that will help optimize its current active safety product portfolio and speed up the development of new advance active safety technologies. It is one of the few companies that offer complete automated driving solutions. – Nasdaq