Today’s Research Reports on Trending Tickers: Ambarella and GoPro

NEW YORK, NY / ACCESSWIRE / June 6, 2018 / Major indexes closed mostly higher Tuesday, lifted by a rally from the technology sector. The Dow Jones Industrial Average decreased 0.06 percent to close at 24,799.98, weighed by losses from consumer-staples and financial sectors, while the S&P 500 Index climbed 0.07 percent to close at 2,748.80. The Nasdaq Composite Index was up 0.41 percent to close at 7,637.86.

“Our view is that the current economic expansion and bull market has room to run and we aren’t looking at the prospect of a recession starting until 2020 at the earliest,” said Albert Brenner, director of asset allocation strategy at People’s United Advisors.

RDI Initiates Coverage on:

Ambarella, Inc.
https://rdinvesting.com/news/?ticker=AMBA

GoPro, Inc.
https://rdinvesting.com/news/?ticker=GPRO

Ambarella’s stock moved 0.34% lower Tuesday, to close the day at $49.39. The stock recorded a trading volume of 1,925,483 shares, which was above its three months average volume of 1,002,406 shares. In the last year, Ambarella’s shares have traded in a range of 40.06 – 66.23. The share price has gained 23.29% from its 52 week low. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $49.62 is below its 200-day moving average of $52.25. Shares of the company are trading at a Price to Earnings ratio of 89.80. Shares of Ambarella have gained roughly 0.9 percent in the past month and are down 15.93 percent year-to-date.

Access RDI’s Ambarella, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=AMBA

On Tuesday, shares of GoPro recorded a trading volume of 2,352,404 shares, which was below the three months average volume of 3,273,735 shares. The stock ended the day 1.75% higher at $5.80. The share price has fallen 51.22% from its 52-week high with a 52-week trading range of 4.42 – 11.89. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $5.37 is below its 200-day moving average of $6.07. Shares of GoPro have gained roughly 6.42 percent in the past month and are down 23.38 percent year-to-date.

Access RDI’s GoPro, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=GPRO

Our Actionable Research on Ambarella, Inc. (NASDAQ:AMBA) and GoPro, Inc. (NASDAQ:GPRO) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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