Ambarella Inc’s filing revealed that its Officer Lee Chan W acquired Company’s shares for reported $74120.0 on Jan 10 ’25. In the deal valued at $74.12 per share,1,000 shares were bought.
Then, Lee Chan W sold 1,000 shares, generating $79,150 in total proceeds. Upon selling the shares at $79.15, the Chief Operating Officer now owns 116,918 shares.
Before that, Lee Chan W sold 1,000 shares. Ambarella Inc shares valued at $78,730 were divested by the Chief Operating Officer at a price of $78.73 per share. As a result of the transaction, Lee Chan W now holds 115,918 shares, worth roughly $8.77 million.
BofA Securities upgraded its Ambarella Inc [AMBA] rating to a Neutral from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in late November has reiterated a ‘”a Buy”‘ rating for it. TD Cowen also remained covering AMBA and reiterated its “Hold” recommendation on August 28, 2024. Wells Fargo revised its rating on January 03, 2024. It rated AMBA as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of AMBA
On Friday, Ambarella Inc [NASDAQ:AMBA] saw its stock fall -0.70% to $75.67. Over the last five days, the stock has gained 2.12%. Ambarella Inc shares have risen nearly 4.03% since the year began. Nevertheless, the stocks have risen 30.74% over the past one year. While a 52-week high of $81.32 was reached on 01/06/25, a 52-week low of $39.69 was recorded on 01/02/25. SMA at 50 days reached $67.64, while 200 days put it at $56.11.
Levels Of Support And Resistance For AMBA Stock
The 24-hour chart illustrates a support level at 73.98, which if violated will result in even more drops to 72.30. On the upside, there is a resistance level at 77.07. A further resistance level may holdings at 78.48. The Relative Strength Index (RSI) on the 14-day chart is 57.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.41, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 38.69%. Stochastics %K at 63.84% indicates the stock is a holding.
How much short interest is there in Ambarella Inc?
A steep rise in short interest was recorded in Ambarella Inc stocks on 2024-11-15, growing by 52563.0 shares to a total of 1.43 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 1.37 million shares. There was a rise of 3.69%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 18, 2023 when Northland Capital began covering the stock and recommended ‘”an Outperform”‘ rating along with a $70 price target.
