Large Outflow of Money Witnessed in GoPro

GoPro (GPRO) : Money flow in the GoPro (GPRO) stock was negative (1.23 million) on Wednesday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $23.59 million, compared to $24.82 million on downticks. The total uptick to downtick ratio was 0.95, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($1.71 million), indicating selling on the strength. The transaction value during uptick in block trades was $0.76 million. Downtick transaction value in block trades amounted to $2.47 million, indicating persistent selling. The uptick to downtick ratio was 0.31. GoPro (GPRO) traded $0.13 higher at $16.92 gaining 0.8% over the previous days close.


Shares of GoPro, Inc. rose by 13.49% in the last five trading days and 14.26% for the last 4 weeks. GoPro, Inc. is up 57.17% in the last 3-month period. Year-to-Date the stock performance stands at -5.66%.

GoPro (GPRO) : 15 analysts are covering GoPro (GPRO) and their average rating on the stock is 2.73, which is read as a Hold. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. GoPro (GPRO) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. However, 2 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 8 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

GoPro (NASDAQ:GPRO): The stock opened at $16.57 and touched an intraday high of $17.2 on Wednesday. During the day, the stock corrected to an intraday low of $16.47, however, the bulls stepped in and pushed the price higher to close in the green at $16.99 with a gain of 1.19% for the day. The total traded volume for the day was 7,946,133. The stock had closed at $16.79 in the previous trading session.

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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