Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Ambarella Inc shares valued at $77,210 were sold by Lee Chan W on Jan 16 ’25. At $77.21 per share, Lee Chan W sold 1,000 shares. The insider’s holdings dropped to 109,918 shares worth approximately $8.34 million following the completion of this transaction.
Also, Lee Chan W sold 1,000 shares, netting a total of over 75,900 in proceeds. Following the sale of shares at $75.90 each, the insider now holds 110,918 shares.
Before that, Lee Chan W had added 1,000 shares to its account. In a trade valued at $77,210, the Officer bought Ambarella Inc shares for $77.21 each.
As published in a research note from BofA Securities on December 16, 2024, Ambarella Inc [AMBA] has been rated up from an Underperform to a Neutral and the price target has been revised to $80. Analysts at Needham resumed the stock at ‘”a Buy”‘ outlook in a report released in late November. As of August 28, 2024, TD Cowen has reiterated its “Hold” rating for AMBA. Earlier on January 03, 2024, Wells Fargo downgraded its rating. Their new recommendation was “an Equal weight” for AMBA stock which previously was a “an Overweight”.
Analyzing AMBA Stock Performance
During the last five days, there has been a drop of approximately -6.98%. Over the course of the year, Ambarella Inc shares have jumped approximately 4.29%. Shares of the company reached a 52-week high of $85.15 on 01/21/25 and a 52-week low of $71.74 on 01/27/25. A 50-day SMA is recorded $72.06, while a 200-day SMA reached $57.81. Nevertheless, trading volume fell to 0.7 million shares from 0.49 million shares the previous day.
Support And Resistance Levels for Ambarella Inc (AMBA)
According to the 24-hour chart, there is a support level at 73.89, which, if violated, would cause prices to drop to 71.91. In the upper region, resistance lies at 77.29. The next price resistance is at 78.73. RSI (Relative Strength Index) is 50.74 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.23, which suggests the price will decrease in the coming days. Percent R is at 69.28%, indicating low price movement. Stochastics %K at buying indicates that the stock is to be held.
