What is the sentiment of this news? Please choose an answer from {strong negative/moderately negative/mildly negative/neutral/mildly positive/moderately positive/strong positive}.

With the bear market going strong, it is a terrible time for companies to go public, which is why initial public offerings are down nearly 80% at this point in 2022 compared to the same time a year ago. Nevertheless, Intel Corp. ( INTC , Financial) is planning to go ahead with the spinoff of its self-driving subsidiary Mobileye, sending its stock down more than 3%.
moderately negative