Mobileye falls as Intel sells stake despite strong Q2 forecast
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.