Ambarella (NASDAQ:AMBA) : The money flow analysis of Ambarella (NASDAQ:AMBA) indicates a $9.35 million of outflow was on downticks, whereas, the investors on Wednesday gobbled up stocks worth $9.85 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.05 and so was the total money flow at $0.49 million. The bulls lapped up $0.62 million worth of block trades on upticks. The money flow was $0.62 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Ambarella (NASDAQ:AMBA), pushing it down by -0.24% for the day. The stock slid $0.12 and traded at $50.13 during the day. Nonetheless, the stock is 1.19% over the previous weeks close.
In an insider trading activity, The Securities and Exchange Commission has divulged that Paisley Christopher B, director of Ambarella Inc, had unloaded 1,000 shares at an average price of $51.96 in a transaction dated on June 15, 2016. The total value of the transaction was worth $51,960. Currently the company Insiders own 5.43% of Ambarella shares according to the proxy statements. Institutional Investors own 49.22% of Ambarella shares. During last six month period, the net percent change held by insiders has seen a change of -7.16%.
The company shares have dropped -50.68% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $129.19 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $45.15 and the 200 Day Moving Average price is recorded at $44.11. Ambarella (NASDAQ:AMBA): The stock opened at $50.75 on Wednesday but the bulls could not build on the opening and the stock topped out at $51.15 for the day. The stock traded down to $49.70 during the day, due to lack of any buying support eventually closed down at $50.13 with a loss of -0.24% for the day. The stock had closed at $50.25 on the previous day. The total traded volume was 702,116 shares.
Ambarella, Inc. is a developer of semiconductor processing solutions for video that enable high-definition (HD), video capture, sharing and display. The Companys system-on-a-chip (SoC) designs HD video processing, image processing, audio processing and system functions onto a single chip, delivering video and image. In the camera market, its platform enables the creation of high-quality video content in wearable sports cameras, automotive aftermarket cameras, professional and consumer Internet Protocol (IP), security cameras, telepresence cameras and unmanned aerial vehicles (UAVs). In the infrastructure market, the Companys solutions manage IP video traffic, broadcast encoding and transcoding and IP video delivery applications. The Company sells its solutions to original design manufacturers (ODMs), and original equipment manufacturers (OEMs).