Tag Archives: gpro

GoPro stock dives as company debuts waterproof camera

GoPro (GPRO) stock was underwater in afternoon trading Monday, hours after the company announced a tiny new waterproof action camera. The San Mateo, Calif.-based company unveiled its Hero 4 Session camera before the market opened Monday. The camera is 50% smaller and 40% lighter than its best-selling Hero 4 Black and Silver models. It features a durable waterproof design (up to 33 feet) that eliminates the need for a separate housing and has a simple one-button control. The new camera retails for $399.99 and will be available on Sunday. The Hero 4 Session captures video in 1440p resolution at 30 frames per second, 1080p at 60 FPS and 720p at 100 FPS. It also shows 8 megapixel photos in single, burst and time lapse modes. GoPro stock was down 2.8% to 50.30 in afternoon trading on the stock market today, an overall down day for Wall Street. Key supplier Ambarella (AMBA)…

Fitbit gets investors’ hearts racing with first down day

Fitbit (FIT), the leading maker of wearable fitness trackers, on Wednesday suffered its first down day in trading since going public last week. San Francisco-based Fitbit saw its shares fall nearly 7% in early trading on the stock market today. In afternoon trading, Fitbit stock was down 6%, near 35.50. Fitbit went public on Thursday at 20 and reached an all-time high of 40.45 in intraday trading on Monday. It reached new closing highs in its first four days of trading. Global Equities Research analyst and Silicon Valley provocateur Trip Chowdhry reiterated his bearish views on Fitbit on Wednesday. He said Fitbit is another overhyped IPO destined to fall like Box (BOX), Alibaba (BABA), Groupon (GRPN), GoPro (GPRO) and Zynga (ZNGA). Chowdhry says Fitbit will face stiff competition from low-cost competitors as the category becomes a commodity. Fitbit’s devices are priced at $60 to $250. But Chinese…

These Signs Warned About Ambarella’s Climax Top

Ambarella (AMBA) shares crashed in the stock market today, losing about a fifth of their value, in the wake of negative comments from a short seller. Citron Research said on Friday that the GoPro (GPRO) chip supplier’s share price is “ridiculous.” In IBD’s Leaderboard last week and the week before, we noted that the stock was showing signs of a climax run. On Monday the stock sliced its 10-day line in the biggest volume since its long advance.