Mobileye Global ($MBLY) Stock Forecast: Down 5.2% Today

What is Mobileye Global?

Asset Mobileye Global Inc. (NASDAQ: MBLY) is a technology company specializing in advanced driver-assistance systems and autonomous driving solutions. The stock had a significant bearish movement today.

Why is Mobileye Global going down?

MBLY stock is down 5.2% on Oct 15, 2024 18:10

• Mobileye Global Inc. (MBLY) experienced a strong bearish movement due to uncertainty surrounding the company's Western OEM wins on premium products like SuperVision, leading to a downgrade by RBC Capital Markets.
• The lack of clarity around OEM wins has likely raised concerns among investors about the company's growth prospects and market competitiveness in the autonomous driving sector.
• The downgrade by RBC Capital Markets may have triggered a sell-off as investors reevaluated the stock's valuation and future potential, contributing to the bearish trend observed in MBLY's market movement today.

MBLY Price Chart

MBLY Technical Analysis

MBLY News

Mobileye Global Analyst Blames Lack Of Clarity Around OEM Wins For Downgrade - Mobileye Global ( NASDAQ:MBLY )

Shares of Mobileye Global Inc MBLY were climbing in early trading on Tuesday, after having lost around 68% year to date. There is uncertainty around the company's Western OEM ( original equipment manufacturer ) wins on premium products like SuperVision, according to RBC Capital Markets.

https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41338121/mobileye-global-analyst-blames-lack-of-clarity-around-oem-wins-for-downgrade

This General Dynamics Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Friday - General Dynamics ( NYSE:GD )

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. JP Morgan analyst Dominic O'Kane downgraded the rating for ArcelorMittal S.A. MT from Overweight to Neutral.

https://www.benzinga.com/news/24/10/41291328/this-general-dynamics-analyst-is-no-longer-bullish-here-are-top-5-downgrades-for-friday

VLEEY or MBLY: Which Is the Better Value Stock Right Now?

VLEEY vs. MBLY: Which Stock Is the Better Value Option?

https://www.zacks.com/stock/news/2348440/vleey-or-mbly-which-is-the-better-value-stock-right-now

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Mobileye Global Price History

23.07.2024 - MBLY Stock was down 5.2%

• MBLY stock fell by 5.92% last week, contributing to its bearish movement today.
• A decrease in the price target on the stock from $34 to $24 might have added selling pressure on MBLY shares.
• The overall negative sentiment towards large-cap stocks, as seen in the top 10 losers list, could have influenced investors to sell off their positions in MBLY.
• The broader market trend of risk-off sentiment might have also played a role in the bearish movement of MBLY today.

30.07.2024 - MBLY Stock was up 5.6%

• Hedge funds recognized the stock as a top ADR stock, suggesting optimistic sentiment from institutional investors.
• Notable options activity revealed influential investors taking bullish positions on Mobileye Global, potentially influencing the stock's upward trajectory.
• Although the stock recently reached a 52-week low, it experienced a robust rebound today, likely driven by positive market outlook and investor sentiment.

11.09.2024 - MBLY Stock was up 5.0%

• Despite a bearish stance taken by investors in the options market, Mobileye Global (MBLY) experienced a strong bullish movement today.
• The shift in market sentiment could be attributed to positive developments within the company, potentially related to advancements in their technology or new partnerships.
• It's possible that investors are optimistic about Mobileye's growth prospects, leading to increased buying activity and driving the stock price higher.
• The contrasting views between options activity and the actual stock performance highlight the dynamic nature of the market and the importance of considering multiple factors when making trading decisions.

24.08.2024 - MBLY Stock was up 5.2%

• The bullish movement in MBLY could be attributed to positive investor sentiment towards the company's advancements in autonomous driving technology.
• A comparison with Valeo S.A. (VLEEY) might have highlighted MBLY's potential for growth and value, driving more investors towards the stock.
• The market's reaction indicates that investors see MBLY as a promising player in the autonomous vehicle industry, leading to increased buying activity and pushing the stock price higher.

28.07.2024 - MBLY Stock was down 5.1%

• High-rolling investors displayed bullish sentiment through unusual options activity, potentially signaling short-term positivity. However, this sentiment might have been overshadowed by prevailing market conditions.
• Mobileye's drop to a 52-week low against market challenges points to external market factors and internal company issues guiding the negative trend.
• The simultaneous occurrence of heightened options activity and the stock hitting a low point could reflect contrasting views on the company's future, leading to increased volatility and downward pressure on the stock price.

05.08.2024 - MBLY Stock was down 5.1%

• The comparison between Strattec Security (STRT) and Mobileye Global (MBLY) might have highlighted potential weaknesses in Mobileye's current value proposition, leading to a bearish sentiment among investors.
• The recognition of Mobileye Global (MBLY) as a top ADR stock by hedge funds could have raised expectations, making today's bearish movement even more surprising and impactful.
• It's possible that investors reacted negatively to some recent news or developments related to Mobileye Global (MBLY), prompting a sell-off and contributing to the bearish market movement.

06.08.2024 - MBLY Stock was down 14.7%

• Intel's intention to sell up to 88% of its stake in Mobileye has created uncertainty and pressure on the stock, leading to a bearish trend.
• The consideration of a strategic stake sale by Intel might have raised concerns among investors about the future prospects and stability of Mobileye, contributing to the downward movement.
• The comparison between Mobileye and another stock in the automotive sector could have also influenced investor sentiment, potentially highlighting perceived weaknesses in Mobileye's current valuation compared to its peers.
• Overall, the combination of Intel's potential stake sale and comparative analysis with another stock may have driven the bearish market movement for Mobileye today.

10.08.2024 - MBLY Stock was down 6.3%

• The company's stock faced significant downward pressure amid rumors of a major stake sale by Intel, sparking concerns among investors and triggering a sell-off.
• Comments made by investor Gary Black on Mobileye's lidar technology decision potentially contributed to the negative sentiment, drawing attention to possible misconceptions among fans of Tesla.
• The market's response indicates investor wariness about the impact of a potential reduction in Intel's stake in Mobileye, casting doubt on the stock's future outlook in the autonomous driving industry.

16.08.2024 - MBLY Stock was up 5.0%

• Mobileye's bullish movement today may be linked to Intel securing significant state aid for its chip plant in Poland, benefiting Mobileye as a subsidiary of Intel, thus reflecting positively on the company's future growth prospects and technological advancements.
• Investor Gary Black's recent clarification on Mobileye's lidar technology decision might have contributed to the bullish movement by dispelling misconceptions and reassuring investors about the company's strategic direction.
• The overall positive sentiment in the market towards technology and semiconductor companies, along with ongoing developments in the sector, likely further supported Mobileye's bullish performance today.

15.09.2024 - MBLY Stock was down 5.2%

• Mobileye Global Inc. (MBLY) experienced a strong bearish movement due to uncertainty surrounding the company's Western OEM wins on premium products like SuperVision, leading to a downgrade by RBC Capital Markets.
• The lack of clarity around OEM wins has likely raised concerns among investors about the company's growth prospects and market competitiveness in the autonomous driving sector.
• The downgrade by RBC Capital Markets may have triggered a sell-off as investors reevaluated the stock's valuation and future potential, contributing to the bearish trend observed in MBLY's market movement today.

09.07.2024 - MBLY Stock was down 5.1%

• Insider purchases by the CEO of Mobileye (MBLY) have not yielded positive returns, suggesting a lack of confidence in the company's performance.
• Mobileye's participation in upcoming investor conferences did not generate enthusiasm among investors, contributing to a pessimistic market outlook.
• An investigation initiated by a former Louisiana Attorney General raised concerns about excess inventories and lowered expectations for 2024, further impacting investor trust in Mobileye.
• Despite potential growth opportunities, the negative market sentiment outweighed positive prospects for Mobileye, leading to the stock's bearish trend.

14.07.2024 - MBLY Stock was down 5.1%

• The bearish movement in MBLY stock today could be attributed to skepticism raised by Future Fund Managing Partner Gary Black regarding Tesla's dominance in the autonomous vehicle market, which might have raised concerns about Mobileye's competitive position.
• The unusual options activity showing a bullish stance on Mobileye could have initially hinted at positive sentiment, but the skepticism around Tesla and competition from other players like Google's Waymo and Baidu might have overshadowed this, leading to the bearish movement.
• The announcement of Mobileye's participation in upcoming investor conferences might have failed to excite investors today, as the focus shifted towards concerns about the competitive landscape in the autonomous driving sector, impacting the stock's performance negatively.