Book Online or Call 1-855-SAUSALITO

Sign In  |  Register  |  About Sausalito  |  Contact Us

Sausalito, CA
September 01, 2020 1:41pm
7-Day Forecast | Traffic
  • Search Hotels in Sausalito

  • ROOMS:

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Mobileye Global Inc. (MBLY) on Behalf of Investors

Law Offices of Howard G. Smith announces an investigation on behalf of Mobileye Global Inc. (“Mobileye” or the “Company”) (NASDAQ: MBLY) investors concerning the Company’s possible violations of federal securities laws.

On January 4, 2024, before the market opened, Mobileye released preliminary financial results for its full year 2023, reporting a build-up of excess inventory “due to supply chain constraints in 2021 and 2022 and a desire to avoid part shortages” and “lower than-expected production” at certain manufacturers. Additionally, the Company provided a preliminary financial outlook for 2024, disclosing that revenue for the first quarter of 2024 is expected to be down about 50% from $458 million generated a year earlier.

On this news, Mobileye’s stock price fell $9.75, or 24.5%, to close at $29.97 per share on January 4, 2024, thereby injuring investors.

If you purchased Mobileye securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to, or visit our website at

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.


Data & News supplied by
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Photos copyright by Jay Graham Photographer
Copyright © 2010-2020 & California Media Partners, LLC. All rights reserved.