Scalper1 News
GoPro (GPRO) stock jumped Tuesday after a 180-day post-IPO lockup on some of the action camera maker’s shares expired. GoPro stock was up 1.5% to near 59 in early afternoon trading in the stock market today. Shares had been up as much as 7% earlier in the day. GoPro stock is still well off its all-time high of 98.47, reached on Oct. 7. GoPro stock had trended down ahead of the lockup expiration of about 15 million shares. GoPro made its IPO on June 26 at 24. The lockup expiration nearly doubled the public float of GoPro shares. GoPro cameras are hot items this holiday shopping season, Wedbush analyst Michael Pachter said in a research note Monday. He rates GoPro stock outperform, with a 12-month price target of 98. The company’s $129 entry-level Hero camera is “the gift of choice this Christmas,” Pachter said, based on his firm’s sales checks… Scalper1 News
Scalper1 News