Three notable tech stocks are on the move Monday: GoPro (GPRO), iKang Healthcare Group (KANG) and Macom Technology (MTSI). GoPro shares had gained 7% in quick turnover by the afternoon on the stock market today. The action camera maker is making its second attempt at retaking the 200-day line. The stock is still trading about 40% below its all-time high of 98.47 reached on Oct. 7. GoPro on Monday announced a new entry-level camera to its lineup.
GoPro (GPRO) stock headed skyward Thursday on news that the action camera maker is spreading its wings into aerial drones and 360-degree video cameras. Speaking at the Code conference in Rancho Palos Verdes, Calif., late Wednesday, GoPro CEO Nick Woodman announced that his company is making a quadcopter and a six-camera rig for shooting spherical video for virtual reality headsets. Both products had been rumored, but Woodman used his appearance to provide details on GoPro’s plans. GoPro stock was up 7% to 57 in midday trading on the stock market today, at a four-month high. GoPro stock has jumped more than 50% since bottoming at 37.13 on March 10. The GoPro drone will be aimed at consumers and should come out in the first half of 2016, TechCrunch reported . Woodman did not give a price for the quadcopter, which will compete with drones from DJI, Parrot,…
The market is bleeding red today, but here are three highly rated stocks holding up during the sell-off: Ambarella (AMBA), AbbVie (ABBV) and Vipshop (VIPS). GoPro (GPRO) chip supplier Ambarella is trading about 1% off its all-time high of 86.75 reached last Wednesday, shortly after finding support at the 50-day line. Tuesday’s volume is tracking above average. The stock is also up about 34% from a consolidation base buy point of 63.30, which