Mobileye Stock Pops on $900 Million Mentee Acquisition

Core Insights - Mobileye Global Inc is acquiring humanoid robot startup Mentee in a cash and stock deal valued at approximately $900 million, marking its first foray into physical AI [1] - The stock price of Mobileye has shown a rebound from its record low of $10.04 on December 18, with a 17.4% increase since the beginning of 2026 [2] - The trading volume of call options has surged, with 44,000 calls exchanged, significantly higher than the average, indicating bullish sentiment among options traders [3] Stock Performance - Mobileye's stock was last trading near breakeven at $12.18, having previously surged to $14.33 following the acquisition news [1] - The stock has faced resistance at the 200-day moving average, which has limited further gains [2] Short Interest and Trading Activity - Short interest in Mobileye remains at 13.5% of the stock's available float, although it has been unwinding, indicating some short covering activity [4] - It would take over four days for short sellers to cover their positions based on the average trading pace of Mobileye [4]