Ambarella Inc. gapped up

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Ambarella Inc. ($AMBA) gapped up today 7.04% on a volume of 7,788,100 shares. It is has hit a new 52 week high after earnings. This stock also affected $GPRO stock but Dan thinks that this stock is better buy.

52 Week Range $21.60-$63.20
Market Cap 2,046,215,475
Average Volume 1,874,849
Dividend Yield 0.00%
Institutional Ownership 49.40%
Insider Ownership: 3.80%
Percentage of Float Short 33.00%
Beta 0.00

Ambarella Inc. is above the 50 day moving average and above the 200 day moving average. These are bullish, bullish indicators respectively.

Ambarella Inc. Ambarella Inc is a developer of semiconductor processing solutions for video that enable high-definition (HD), video capture, sharing and display.

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