Why Microvision Shares Are Rising

Shares of several companies in the broader technology sector, including Microvision, Inc. MVIS, are trading higher in sympathy with the overall market following Fed Chairman Powell's Jackson Hole speech.

Microvision is trading higher by 184.83% on a year-to-date basis amid heightened retail investor interest.

Microvision is engaged in developing a lidar sensor to be used in automotive safety and autonomous driving applications. Its lidar sensor uses laser beam scanning (LBS) technology which is based on systems that include micro-electrical mechanical systems (MEMS), laser diodes, opto-mechanics, electronics, algorithms and software. 

Microvision is trading higher by 4.5% at $14.86. Microvision has a 52-week high of $28 and a 52-week low of $1.36.