Mobileye Global Stock Sees Moderate Gain as Former Senator Buys Shares

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Mobileye Global stock (ticker: MBLY) has experienced a moderate gain of approximately 4% so far this year. However, the journey hasn’t been without its ups and downs. Despite a strong performance in January following impressive fourth-quarter earnings, Mobileye stock stumbled in May following a disappointing quarterly report.

The roller coaster continued in June when former parent company Intel (INTC) announced the sale of a significant portion of Mobileye stock by one of its subsidiaries. Nevertheless, in August, Mobileye received a major boost when Polestar Automotive selected the company to provide its self-driving technology for the 2025 Polestar 4 vehicle.

Adding further intrigue to the story, former U.S. Senator Claire McCaskill, who now serves as a director at Mobileye, recently purchased a large block of shares. On October 31, McCaskill acquired 27,819 Mobileye shares at an average price of $35.95 each, totaling $1 million. In addition to this investment, she already owns 50,523 Mobileye shares held in a personal account.

It is worth noting that McCaskill’s stock purchase was an initial transaction made through a trust she controls. Neither McCaskill nor Mobileye provided any comment regarding this purchase.

Since October 2022, when Mobileye went public at $21 per share, McCaskill has been an active member of the company’s board as a director. She initially purchased 41,000 shares during the company’s offering, totaling $861,000.

It is important to keep in mind that transactions involving stock trades by corporate executives, board members, and other prominent figures are regularly monitored by Inside Scoop. Due to their insider status, these investors are required to disclose their stock trades with the Securities and Exchange Commission or other regulatory groups.

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