In the last two trading days of the week, there were minimal changes in the leading indices on Wall Street. The S&P 500 index ended down 0.1%, while the Nasdaq index lost 0.3%. Despite this, several Israeli stocks performed well.
On Friday, Auditi Tech jumped an impressive 20.5% on the Nasdaq, closing at about $44.3 per share. The company is expected to see strong revenues in the second quarter, with a gross profitability of 71%. Auditi Tech has $250 million in cash and investments, with no debt, and its board has approved the purchase of up to $150 million of its own stock. Its stock is currently trading 26.6% higher than its IPO price.
Another Israeli company, Gauzy, began trading on the Nasdaq under the symbol GAUZ. Although it weakened in its first two trading days, it closed the week at a price of $15.74. Gauzy raised $75 million in an IPO and plans to use the funds for production expansion and research and development.
Mobileye, an Autotech company from Jerusalem, saw its stock soar by 15.6% on Friday without any company news. The stock price reached about $31.7, reflecting a value of $25.5 billion for Mobileye
