Mobileye (NASDAQ:MBLY) pares gains as buyback overhang weighs after 22% jump
Mobileye is set to reopen Monday after racking up strong gains last week, but holders may now be trying to figure out whether the move was driven by real buying or just changes in float math. Nasdaq was shut Friday, July 3, for the Independence Day holiday. Regular hours are 9:30 a.m. to 4 p.m. Eastern. Shares finished Thursday at $9.57, off 1.03% for the session. That’s still up 22.5% from last Friday’s close at $7.81. Most of the rally came June 30, when Mobileye jumped 16.63% on volume of 12.84 million shares.