Traders Heavily Sold Down These 10 Stocks on Thursday

8. Mobileye Global Inc. (NASDAQ:MBLY)

Mobileye Global dropped its share prices by 12.81 percent on Thursday to close at $13.20 each as investors began booking profits while also digesting the company’s downgraded ratings from two investment firms.

On Thursday, UBS reduced its price target for MBLY to $14 from $17 previously while maintaining a Neutral rating on its shares.

According to UBS, the adjustment took into account the company’s potential risks and impact from the global trade war that would likely raise vehicle manufacturing costs and lead to lower demand.

Meanwhile, Goldman Sachs lowered its price target for MBLY to $17 from $20 but maintained a Buy rating on the shares.

Goldman said its revision reflected a broader assessment of the auto industry’s outlook and financial estimates, particularly the difficulty for the automotive sector to pass on tariff costs to the consumers amid the ongoing market challenges.