Citron Submarines Ambarella

shares are trading lower by $8.30 at $118.40. Of note, this occured after the stock traded to a new all-time high of $127.12 earlier in the session. It's possible the reason for the sharp decline was negative commentary from Citron Research, which called the recent rally "ridiculous." The firm placed a $60 target on the issue. The violent sell off had taken the issue to $117.91 before rebounding slightly. If the decline continues through the current low, there may be additional support at Wednesday's low ($115.55).