NEW YORK (TheStreet) -- Mobileye (MBLY) shares continue to gain, up 0.48% to $43.64, in trading Wednesday after the company announced the upsizing and pricing of its secondary public offering earlier this week.

The Israeli driver assistance software manufacturer is offering 14.5 million shares at $41.75 per share, confirming a long standing rumor that the company was planning a secondary offering. None of the shares being offered are primary stock.

Insight from TheStreet's Research Team:

Bryan Ashenberg, Growth Seeker & Trifecta Stocks Portfolio Manager, commented on the offering Monday following the announcement and he believes that it will provide the company positive momentum as its fundamentals remain strong.

"The company is offering 14.5 million shares, all of which are secondary shares. The company is not selling any primary stock. The shares will surely be pressured this morning on the news, but we believe the price disruption will not last and are actually looking forward to a time when investors can focus again on the company's sparkling fundamental outlook.

We would be opportunistic buyers of any material weakness and point to the stock's recent bounce as indicative of the true positive momentum the shares should see once the overhang of secondary shares is removed."

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