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Mobileye shares slipped after Intel announced plans to offload 45 million shares and convert 50 million Class B shares to Class A, expanding the public float. Despite this, Mobileye's Q2 revenue forecast of $502-$506 million topped estimates, and the company plans a $100 million buyback from Intel. Retail sentiment on Stocktwits stayed neutral amid high message volume.
short by / 01:38 pm on 09 Jul
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