Picture This: Ambarella, GoPro Dive To 3-Month Lows
Amid the market’s broad sell-off, Ambarella (AMBA) and GoPro (GPRO) hit three-month lows in the stock market today. Ambarella has been getting a lot of heat from short-seller Citron Research, which says that the chipmaker’s valuation is “ridiculous.” The chipmaker’s shares gapped down 7.5% in heavy trade, marking a fourth straight day of losses. The stock is now down about 30% from its all-time high, reached on July 23. Citron published a report