MobilEye Stock Drops After Report That Intel Might Sell Some Of Its Stake

Key TakeawaysIntel is reportedly considering selling off some of its stake in MobilEye, which was recently near 90%.A Bloomberg report said Intel might offload some of its stake in a public sale or third-party transaction.Both MobilEye and Intel have struggled lately, with shares tumbling this year. Shares of MobilEye Global (MBLY) slumped Friday after reports that Intel (INTC) is considering selling off some of its stake as part of the chipmaker's effort to improve its financial position. Bloomberg quoted ...