Monday, December 29, 2014

Here’s a Reason GoPro (GPRO) Stock is Falling Today

NEW YORK (TheStreet) --Shares of GoPro Inc. are lower by 5.32% to $65.55 in mid-afternoon trading on Monday, as the wearable camera maker reacts negatively to this morning's analyst downgrade on Ambarella Inc. , CNBC.com reports. Ambarella is GoPro's lead technology supplier. Analysts at Needham & Co. reduced their rating on Ambarella to "underperform" from "hold." Exclusive Report: Jim Cramer's Best Stocks For 2015 STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. The firm said it cut its rating on the company, which offers semiconductor processing solutions for video, based on a valuation call. Shares of Ambarella are lower by 3.86% to $53.78 this afternoon. GPRO data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.


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