Why Is Intel "Selling" Mobileye Right Now?

By Neil Rozenbaum – Jun 6, 2023 at 10:15AM

NASDAQ: INTC

Intel

Market Cap

$148B

Today's Change

(1.77%) $0.61

Current Price

$35.11

Price as of April 25, 2024, 4:00 p.m. ET

It's time for a much-needed cash injection.

In this video, I will explain why Intel (INTC 1.77%) is selling 35 million shares of Mobileye and what it means for shareholders.

*Stock prices used were from the trading day of June 5, 2023. The video was published on June 6, 2023.

Neil Rozenbaum has positions in Intel. The Motley Fool recommends Intel and recommends the following options: long January 2023 $57.50 calls on Intel and long January 2025 $45 calls on Intel. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.