Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Mobileye Global Inc shares valued at $99,045 were purchased by GELSINGER PATRICK P on Aug 05 ’24. At $15.48 per share, GELSINGER PATRICK P acquired 6,400 shares. The insider’s holdings grew to 139,106 shares worth approximately $1.73 million following the completion of this transaction.
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Also, Shashua Amnon purchased 631,963 shares, netting a total of over 10,434,093 in proceeds. Following the buying of shares at $16.51 each, the insider now holds 4,080,097 shares.
Before that, GELSINGER PATRICK P had added 2,000 shares to its account. In a trade valued at $55,060, the Director bought Mobileye Global Inc shares for $27.53 each. Upon closing the transaction, the insider’s holdings increased to 2,000 shares, worth approximately $1.63 million.
As published in a research note from RBC Capital Mkts on October 15, 2024, Mobileye Global Inc [MBLY] has been rated down from an Outperform to a Sector perform and the price target has been revised to $11 from $24. Analysts at Mizuho downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in mid October. As of October 07, 2024, JP Morgan has decreased its “Neutral” rating to a “an Underweight” for MBLY. Earlier on October 04, 2024, UBS downgraded its rating. Their new recommendation was “a Neutral” for MBLY stock which previously was a “a Buy”.
Analyzing MBLY Stock Performance
During the last five days, there has been a drop of approximately -1.19%. Over the course of the year, Mobileye Global Inc shares have dropped approximately -71.33%. Shares of the company reached a 52-week high of $43.40 on 01/02/24 and a 52-week low of $10.48 on 09/12/24. A 50-day SMA is recorded $12.80, while a 200-day SMA reached $23.15. Nevertheless, trading volume fell to 7.64 million shares from 5.09 million shares the previous day.
Support And Resistance Levels for Mobileye Global Inc (MBLY)
According to the 24-hour chart, there is a support level at 12.18, which, if violated, would cause prices to drop to 11.93. In the upper region, resistance lies at 12.84. The next price resistance is at 13.25. RSI (Relative Strength Index) is 45.83 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.15, which suggests the price will decrease in the coming days. Percent R is at 44.70%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
