In a filing, Mobileye Global Inc revealed its Director GELSINGER PATRICK P acquired Company’s shares for reported $99045.0 on Aug 05 ’24. In the deal valued at $15.48 per share,6,400 shares were bought. As a result of this transaction, GELSINGER PATRICK P now holds 139,106 shares worth roughly $2.07 million.
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Then, Shashua Amnon bought 631,963 shares, generating $10,434,093 in total proceeds. Upon buying the shares at $16.51, the CEO and President now owns 4,080,097 shares.
Before that, GELSINGER PATRICK P bought 2,000 shares. Mobileye Global Inc shares valued at $55,060 were divested by the Director at a price of $27.53 per share. As a result of the transaction, GELSINGER PATRICK P now holds 131,095 shares, worth roughly $1.95 million.
Exane BNP Paribas downgraded its Mobileye Global Inc [MBLY] rating to a Neutral from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Daiwa Securities’s analysts, who decreased its forecast for the stock in early August from “a Buy” to “a Neutral”. Morgan Stanley also remained covering MBLY and has increased its forecast on August 02, 2024 with a “an Equal-weight” recommendation from previously “an Underweight” rating. Fox Advisors revised its rating on August 01, 2024. It rated MBLY as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of MBLY
On Monday, Mobileye Global Inc [NASDAQ:MBLY] saw its stock jump 4.06% to $14.88. Over the last five days, the stock has gained 1.92%. Mobileye Global Inc shares have fallen nearly -65.65% since the year began. Nevertheless, the stocks have fallen -58.40% over the past one year. While a 52-week high of $44.48 was reached on 01/02/24, a 52-week low of $13.83 was recorded on 08/15/24. SMA at 50 days reached $23.42, while 200 days put it at $29.84.
Levels Of Support And Resistance For MBLY Stock
The 24-hour chart illustrates a support level at 14.52, which if violated will result in even more drops to 14.16. On the upside, there is a resistance level at 15.08. A further resistance level may holdings at 15.28. The Relative Strength Index (RSI) on the 14-day chart is 29.62, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.58%. Stochastics%K at 8.94% indicates the stock is a buying.
How much short interest is there in Mobileye Global Inc?
A steep rise in short interest was recorded in Mobileye Global Inc stocks on 2024-07-31, dropping by -2.58 million shares to a total of 14.77 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 17.35 million shares. There was a decline of -17.5%, which implies that there is a negative sentiment for the stock.
