MBLY - Mobileye Global Inc. (MBLY) Investigation: Bronstein Gewirtz & Grossman LLC Encourages Investors to Seek Compensation for Alleged Wrongdoings

NEW YORK, NY / ACCESSWIRE / January 5, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Mobileye Global Inc. ("Mobileye" or "the Company") (NASDAQ: MBLY). Investors who purchased Mobileye securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/MBLY.

Investigation Details:

On January 4, 2024, before market hours, Mobileye issued a press release entitled "Mobileye Releases Preliminary FY2023 Financial Results and Initial 2024 Outlook" which, among other things, stated that Mobileye "expect[s] Q1 revenue to be down approximately 50%, as compared to the $458 million revenue generated in the first quarter of 2023." On this news, Mobileye's stock price fell $9.75 per share, or 24%, to close at $29.97 per share on January 4, 2024.

What's Next?

If you are aware of any facts relating to this investigation or purchased Mobileye securities, you can assist this investigation by visiting the firm's site: bgandg.com/MBLY. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.

There is No Cost to You

We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Gewirtz & Grossman:

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.

Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
332-239-2660 | info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC