GoPro Sinks To Post-IPO Lows; Ambarella Drop Notable

By | September 9, 2015

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Action camera maker GoPro (GPRO) and its video chip supplier Ambarella (AMBA) have hit momentous lows. GoPro plunged 10.3% to 33.65 in the stock market today, sinking to its lowest level since June 27, 2014 — its second day of trade as a public company. Shares are now within 10 bucks of their IPO price of 24, and are trading about 65% below their all-time high of 98.46 reached last October. The drop comes as Apple (AAPL) said at its special event Scalper1 News

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