Mobileye Shares Slide On Lockup Expiration

Mobileye NV slid in early trade as its 180-day lockup period expired on Wednesday. The Israel-based developer of camera systems that help cars detect other vehicles and pedestrians last week announced a secondary offering of common shares to offset the impact of investors rushing to sell shares with the lockup expiration. Mobileye, which debuted in U.S. market in August with an IPO price of $25 per share, fell 2.4% to $40.35.