Tag Archives: amba

GoPro stock dives as company debuts waterproof camera

GoPro (GPRO) stock was underwater in afternoon trading Monday, hours after the company announced a tiny new waterproof action camera. The San Mateo, Calif.-based company unveiled its Hero 4 Session camera before the market opened Monday. The camera is 50% smaller and 40% lighter than its best-selling Hero 4 Black and Silver models. It features a durable waterproof design (up to 33 feet) that eliminates the need for a separate housing and has a simple one-button control. The new camera retails for $399.99 and will be available on Sunday. The Hero 4 Session captures video in 1440p resolution at 30 frames per second, 1080p at 60 FPS and 720p at 100 FPS. It also shows 8 megapixel photos in single, burst and time lapse modes. GoPro stock was down 2.8% to 50.30 in afternoon trading on the stock market today, an overall down day for Wall Street. Key supplier Ambarella (AMBA)…

Ambarella Plunge Called A ‘Buying Opportunity’

Ambarella (AMBA) stock on Tuesday recovered some lost ground from its big sell-off on Monday and Friday, after two analysts called the steep drop a buying opportunity. Shares of the video chipmaker were up 8%, near 102, in afternoon trading on the stock market today as investors risked “catching a falling knife.” Ambarella stock hit an all-time high of 128.06 on Thursday, but that marked a climax top and a more than 100% gain from its early March

These Signs Warned About Ambarella’s Climax Top

Ambarella (AMBA) shares crashed in the stock market today, losing about a fifth of their value, in the wake of negative comments from a short seller. Citron Research said on Friday that the GoPro (GPRO) chip supplier’s share price is “ridiculous.” In IBD’s Leaderboard last week and the week before, we noted that the stock was showing signs of a climax run. On Monday the stock sliced its 10-day line in the biggest volume since its long advance.