Ambarella Slugged Amid Weak Christmas GoPro Sales

By | November 23, 2015

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Santa’s sleigh is light on GoPro (GPRO) action cameras this year, a Pacific Crest analyst noted Monday as he slashed his price target on camera chipmaker Ambarella (AMBA), a week ahead of the company’s scheduled Q3 earnings report. In midday trading in the stock market today, Ambarella stock was down close to 4%, near 56, while GoPro stock was down 5%, near 19.40, after earlier touching a record low of 19.14. GoPro stock is down 24% since its Oct. Scalper1 News

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