In a filing, Ambarella Inc revealed its VP, Marketing Day Christopher unloaded Company’s shares for reported $0.17 million on Oct 03 ’24. In the deal valued at $58.00 per share,2,904 shares were sold. As a result of this transaction, Day Christopher now holds 18,466 shares worth roughly $1.24 million.
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Then, Day Christopher bought 2,904 shares, generating $168,432 in total proceeds.
Before that, PAISLEY CHRISTOPHER B sold 500 shares. Ambarella Inc shares valued at $26,855 were divested by the Director at a price of $53.71 per share. As a result of the transaction, PAISLEY CHRISTOPHER B now holds 42,281 shares, worth roughly $2.85 million.
TD Cowen reiterated its Ambarella Inc [AMBA] rating to a Hold in a research note published on August 28, 2024; the price target was $75. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in early January from “an Overweight” to “an Equal weight”. Northland Capital began covering AMBA with “an Outperform” recommendation on September 18, 2023. Needham maintained its rating on August 30, 2023. It rated AMBA as “a Buy”.
Price Performance Review of AMBA
On Monday, Ambarella Inc [NASDAQ:AMBA] saw its stock jump 5.77% to $67.29. Over the last five days, the stock has gained 17.15%. Ambarella Inc shares have risen nearly 9.79% since the year began. Nevertheless, the stocks have risen 20.55% over the past one year. While a 52-week high of $65.88 was reached on 11/25/24, a 52-week low of $39.69 was recorded on 08/07/24. SMA at 50 days reached $57.95, while 200 days put it at $53.28.
Levels Of Support And Resistance For AMBA Stock
The 24-hour chart illustrates a support level at 65.17, which if violated will result in even more drops to 63.05. On the upside, there is a resistance level at 68.74. A further resistance level may holdings at 70.18. The Relative Strength Index (RSI) on the 14-day chart is 70.81, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.63, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.60%. Stochastics %K at 90.92% indicates the stock is a selling.
How much short interest is there in Ambarella Inc?
A steep rise in short interest was recorded in Ambarella Inc stocks on 2024-10-31, dropping by -0.17 million shares to a total of 1.35 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.51 million shares. There was a decline of -12.32%, which implies that there is a negative sentiment for the stock.
