In a filing, Mobileye Global Inc revealed its Director GELSINGER PATRICK P acquired Company’s shares for reported $45378.0 on May 01 ’24. In the deal valued at $28.17 per share,1,611 shares were bought. As a result of this transaction, GELSINGER PATRICK P now holds 132,706 shares worth roughly $3.41 million.
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Then, GELSINGER PATRICK P bought 2,000 shares, generating $55,060 in total proceeds. Upon buying the shares at $27.53, the Director now owns 131,095 shares.
Before that, Yeboah-Amankwah Safroadu bought 940 shares. Mobileye Global Inc shares valued at $24,138 were divested by the Director at a price of $25.68 per share. As a result of the transaction, Yeboah-Amankwah Safroadu now holds 48,459 shares, worth roughly $1.24 million.
TD Cowen reiterated its Mobileye Global Inc [MBLY] rating to a Buy in a research note published on April 26, 2024; the price target was $37. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in late April from “an Equal-weight” to “an Underweight”. Wolfe Research also remained covering MBLY and has increased its forecast on April 12, 2024 with a “an Outperform” recommendation from previously “Peer perform” rating. Piper Sandler started covering the stock on March 15, 2024. It rated MBLY as “a Neutral”.
Price Performance Review of MBLY
On Friday, Mobileye Global Inc [NASDAQ:MBLY] saw its stock fall -0.74% to $25.66. Over the last five days, the stock has lost -6.89%. Mobileye Global Inc shares have fallen nearly -40.77% since the year began. Nevertheless, the stocks have fallen -42.43% over the past one year. While a 52-week high of $46.00 was reached on 01/02/24, a 52-week low of $23.49 was recorded on 02/23/24. SMA at 50 days reached $29.69, while 200 days put it at $33.46. A total of 2.77 million shares were traded, compared to the trading of 1.55 million shares in the previous session.
Levels Of Support And Resistance For MBLY Stock
The 24-hour chart illustrates a support level at 25.13, which if violated will result in even more drops to 24.60. On the upside, there is a resistance level at 26.07. A further resistance level may holdings at 26.48. The Relative Strength Index (RSI) on the 14-day chart is 35.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.52%. Stochastics %K at 10.95% indicates the stock is a buying.
The most recent change occurred on January 26, 2024 when TD Cowen resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $35.
