Intel CEO Pat Gelsinger Is Doubling Down on Mobileye (MBLY) Stock

Mobileye (NASDAQ:MBLY) stock has shed nearly 30% year-to-date. However, Mobileye director and Intel (NASDAQ:INTC) CEO Pat Gelsinger believes that the Israeli autonomous driving company still has upside potential.On April 29, Gelsinger purchased 2,000 shares at an average per share price of $27.53. On May 1, he added another 1,611 shares at $28.16, bringing his total purchase amount to about $100,000. Following the transaction, the Intel CEO now owns 132,706 shares of Mobileye through a trust.This marks Gels ...