Ambarella (NASDAQ:AMBA) : Traders are bullish on Ambarella (NASDAQ:AMBA) as it has outperformed the S&P 500 by a wide margin of 2.97% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.79%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 6.14% in the last 1 week, and is up 4.63% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have dropped -45.75% 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 $48.25 and the 200 Day Moving Average price is recorded at $43.90.
The stock has recorded a 20-day Moving Average of 4.85% and the 50-Day Moving Average is 20.02%.
Ambarella (NASDAQ:AMBA): stock turned positive on Friday. Though the stock opened at $52.63, the bulls momentum made the stock top out at $54.1 level for the day. The stock recorded a low of $52.37 and closed the trading day at $53.79, in the green by 2.99%. The total traded volume for the day was 981,700. The stock had closed at $52.23 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Day Christopher, Officer (Vp, Marketing) of AMBARELLA INC, had unloaded 1,173 shares at an average price of $50.85 in a transaction dated on June 30, 2016. The total value of the transaction was worth $59,647.
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).