Mobileye
Global stock has made a moderate gain so far this year, and former Sen.
Claire McCaskill
—a director of the autonomous-driving tech firm—just bought a large block of shares.
Mobileye stock (ticker: MBLY) sports a year-to-date gain of about 4%, but shares have been on a roller coaster. Strong fourth-quarter earnings sent Mobileye stock soaring in January, but there was a bad quarterly report in May.
Shares tumbled in June when former parent
Intel
(INTC) said a subsidiary would sell a large chunk of Mobileye stock. In August, Polestar Automotive selected the company to provide its Mobileye Chauffeur self-driving technology on its 2025 Polestar 4 vehicle.
McCaskill paid $1 million on Oct. 31 for 27,819 Mobileye shares, an average price of $35.95 each. According to a form she filed with the Securities and Exchange Commission, the transaction was an initial purchase through a trust that McCaskill controls. She also owns another 50,523 Mobileye shares in a personal account.
McCaskill and Mobileye both declined to comment on her stock purchase.
McCaskill, who represented Missouri from 2007 to 2019 in the U.S. Senate, has been a Mobileye director since October 2022, the month the company went public at $21 per share. McCaskill paid $861,000 for 41,000 shares in that offering.
Inside Scoop is a regular Barron’s feature covering stock transactions by corporate executives and board members—so-called insiders—as well as large shareholders, politicians, and other prominent figures. Due to their insider status, these investors are required to disclose stock trades with the Securities and Exchange Commission or other regulatory groups.
Write to Ed Lin at edward.lin@barrons.com and follow @BarronsEdLin.
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