Mobileye Stock Hits Sell-Off On Self-Driving Car Idea

By | September 10, 2015

Scalper1 News

Connected-car stock Mobileye (MBLY) gapped down Thursday in high volume as short-seller Citron Research targeted the maker of advanced driver-assistance systems. Citron announced from its Twitter (TWTR) account Wednesday that it was setting a short-term target on the stock at 25 and called it worse than Ambarella (AMBA). The latter company is a chipmaker to the likes of action-camera company GoPro (GPRO). Ambarella stock has fallen 45% from a July Scalper1 News

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