Large Inflow of Money Detected in GoPro

GoPro (GPRO): $2.86 million was the positive money flow into the stock on Thursday and the up/down ratio of ticks was also in favor of the bulls at 1.33. The value of trades done on upticks was $11.6 million, whereas, trades done on downticks were valued at $8.74 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $1.94 million worth stocks on upticks, which is a bullish indication. The downticks accounted only for $0.73 million worth of block trades showing a lack of interest among the large traders to sell the stock down. The up/down ratio of 2.65 was strongly in favor of the bulls. The money flow in block trades was $1.21 million. GoPro (GPRO) fell $0.17 traded at $12.27, a change of -1.33% over the previous day. The stock is 11.8% for the week.


The stock has recorded a 20-day Moving Average of 12.03% and the 50-Day Moving Average is 18.06%. Shares have dropped -77.39% from its 1 Year high price. On Aug 10, 2015, the shares registered one year high at $65.49 and the one year low was seen on May 19, 2016. The 50-Day Moving Average price is $10.57 and the 200 Day Moving Average price is recorded at $11.89.

GoPro (NASDAQ:GPRO): The stock opened at $12.60 on Thursday but the bulls could not build on the opening and the stock topped out at $12.72 for the day. The stock traded down to $12.24 during the day, due to lack of any buying support eventually closed down at $12.28 with a loss of -1.21% for the day. The stock had closed at $12.43 on the previous day. The total traded volume was 5,361,381 shares.

In an insider trading activity, The director officer (President), of Gopro, Inc., Bates Anthony John had unloaded 9,704 shares at $10.79 per share in a transaction on June 6, 2016. The total value of transaction was $104,706. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

GoPro, Inc. produces mountable and wearable cameras and accessories, which the Company refers to as capture devices. Additionally, the Company develops and provides desktop editing software and mobile applications for free to consumers. The Company offers HERO line of capture devices, which include HERO2, HERO3 camera, the HERO3+ camera and the HERO4 and HERO. The Company also provides a selection of mounts designed to enable consumers to capture content while engaged in a range of activities. This includes equipment-based mounts, such as the helmet, handlebar, roll bar, as well as grip and tripod mounts. The Company also offers two software applications: GoPro Studio and GoPro App. GoPro Studio is a video editing tool that allows users to create videos from their GoPro content. The GoPro App allows users to control their GoPro cameras remotely using a smartphone or tablet. Its capture devices are sold through retailers, wholesale distributors and on the Companys Website.

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