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Why Mobileye Stock Rose Today


Shares of Mobileye Global (NASDAQ: MBLY) climbed on Wednesday after the autonomous driving technology provider struck a deal to acquire Mentee Robotics for $900 million in cash and stock.

By the close of trading, Mobileye's stock price was up less than 1% after rising as much as 17.7% earlier in the day.

Image source: Mobileye and Mentee Robotics.

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Source Fool.com

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