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Stock Market & Financial Investment News

News Breaks
July 31, 2014
14:25 EDTGPROGoPro August weekly 48 straddle priced for 11.6% move into Q2
News For GPRO From The Last 14 Days
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July 6, 2015
07:39 EDTGPROGoldman not a GoPro bear, but starts shares at Neutral
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05:47 EDTGPROGoPro initiated with a Neutral at Goldman
Target $60.
July 2, 2015
07:59 EDTGPROGoPro unlikely to be widely adopted by consumers, says Oppenheimer
After trying to make a movie using a GoPro camera, Oppenheimer says that the editing process was quite time consuming. The firm believes that most consumers will be content to use their smartphones and an app to make movies. However, the firm believes that GoPro could successfully compete in new, smaller markets, such as drones. It keeps a Perform rating on the stock.
June 29, 2015
11:42 EDTGPROGoPro drifts lower, levels to watch
Shares are down 1.9% to $53.07 at time of writing. At that price initial support is at the low of the day at $52.11, which would place price well below the 50-day moving average. A move below the 50-day would be bearish for future price. Resistance is at $53.71, the high of the day.
11:21 EDTGPROStocks with call strike movement; ASHR GPRO
X-trackers Harvest CSI 300 (ASHR) October 54 call option implied volatility increased 4% to 48, GoPro (GPRO) October 65 call option implied volatility increased 3% to 47 according to IVolatility.
09:13 EDTGPROGoPro sell-through data steady, drone interest encouraging, says Raymond James
Raymond James analyst Tavis McCourt noted that Google Trends data for the search term “GoPro” decelerated in June, which would normally be consistent in a slowdown in sales growth, but McCourt attributes the slowdown to an anomaly in the year-over-year data due to GoPro's IPO driving search comps higher last year. The analyst noted that the firm's U.S. survey of intended GoPro ownership keeps rising and that its survey of drone interest was encouraging. McCourt keeps an Outperform rating and $63 price target on GoPro shares, noting that he expects the stock to remain volatile.
June 25, 2015
10:23 EDTGPROAmbarella rises after analyst says competitive edge increasing
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June 23, 2015
16:29 EDTGPROOn The Fly: Top stock stories for Tuesday
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13:37 EDTGPROOn The Fly: Top stock stories at midday
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10:23 EDTGPROAmbarella jumps after analyst says buy after big selloff
The shares of Ambarella (AMBA) are rising after research firm Canaccord defended the stock in the face of a highly negative report on the company by short-selling blog Citron Research. The company develops processors used in high definition cameras. BACKGROUND: In an article published last Friday on its website, Citron called Ambarella's valuation "ridiculous," given the competition the company is facing and the lack of demand for its products in certain areas such as security. According to Citron, Ambarella's stock is worth about $30 per share, versus its current price of around $104. After the article was published, Ambarella's stock tumbled about 26% before today's open. ANALYST REACTION: In a note to investors earlier today, Canaccord analyst Matthew Ramsay wrote that the technological advantages of Ambarella's chips are enabling it to gain market share and design wins, as well as making its current customers more likely to continue using its products. Specifically, Ambarella's processors offer significantly better video quality, compression efficiency and lower power than those of its competitors, the analyst believes. These advantages will become more meaningful when new video technologies become more prevalent, Ramsay wrote. Additionally, Ambarella should benefit from the increased proliferation of drone cameras and security cameras, which together should significantly boost the company's results, the analyst believes. The company's earnings can reach $5 per share in fiscal 2017, predicted the analyst, who contended that Citron's report is "largely void of well-researched content." He kept a $115 price target and Buy rating on the shares. PRICE ACTION: In early trading, Ambarella climbed $9.30, or 10%, to $104. WHAT’S NOTABLE: Ambarella’s chips are in GoPro’s (GPRO) HERO action camera line. After selling off yesterday, shares of GoPro are up $1.47 to $56.39 in early trading. JMP Securities analyst Alex Gauna this morning raised his earnings estimates for GoPro to reflect the company’s second half of 2016 entry into the “booming” drone market. He kept a $105 price target for the shares.
07:59 EDTGPROJMP raises GoPro estimates amid 'booming' drone market
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June 22, 2015
18:22 EDTGPROGoogle offers sign-ups to test GoPro virtual reality prototype
Google (GOOG) has created a sign-up page to allow "creators" -- taken to mean video content creators -- to test its "Jump" virtual reality platform. Jump uses 16 GoPro (GPRO) cameras to create virtual reality video "that you can step inside of." Content creators selected by Google will get access to the platform beginning this summer. Reference Link
15:22 EDTGPROGoPro volatility stays low on wide price movement
GoPro June weekly call option implied volatility is at 45, July is at 44, October is at 45; compared to its 52-week range of 39 to 58, suggesting decreasing near term price movement.
11:55 EDTGPROAmbarella selloff continues following short seller report
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11:44 EDTGPROGoPro hits session lows, nears important support test
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