Tag Archives: gpro

Mobileye Stock Hits Sell-Off On Self-Driving Car Idea

Connected-car stock Mobileye (MBLY) gapped down Thursday in high volume as short-seller Citron Research targeted the maker of advanced driver-assistance systems. Citron announced from its Twitter (TWTR) account Wednesday that it was setting a short-term target on the stock at 25 and called it worse than Ambarella (AMBA). The latter company is a chipmaker to the likes of action-camera company GoPro (GPRO). Ambarella stock has fallen 45% from a July

Short-Seller Eyes Mobileye After Hitting Ambarella

After breaking Ambarella (AMBA) and GoPro (GPRO), short-seller Citron Research now has its eye on Mobileye (MBLY). Citron tweeted on Wednesday that it has set a short-term price target on Mobileye at 25. It also said that the maker of driver-assistance systems is “worse than” Ambarella, which has seen its share price decline nearly 50% in the last six weeks. Citron issued a bearish report last November on GoPro, which uses Ambarella’s chips in its

GoPro Sinks To Post-IPO Lows; Ambarella Drop Notable

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