Shares of GoPro (GPRO) Rally 8.48%

GoPro (GPRO) : Traders are bullish on GoPro (GPRO) as it has outperformed the S&P 500 by a wide margin of 7.06% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.88%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 8.48% in the last 1 week, and is up 11.74% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 7.36% and the 50-Day Moving Average is 14.27%.

GoPro (NASDAQ:GPRO): The stock opened at $12.31 on Friday but the bulls could not build on the opening and the stock topped out at $12.47 for the day. The stock traded down to $11.85 during the day, due to lack of any buying support eventually closed down at $11.90 with a loss of -3.09% for the day. The stock had closed at $12.28 on the previous day. The total traded volume was 5,174,826 shares.


The company Insiders own 28.69% of GoPro shares according to the proxy statements. Institutional Investors own 24.71% of GoPro shares. During last six month period, the net percent change held by insiders has seen a change of -4.42%. In a related news, The Securities and Exchange Commission has divulged that Bates Anthony John, director officer (President) of Gopro, Inc., had unloaded 9,704 shares at an average price of $10.79 in a transaction dated on June 6, 2016. The total value of the transaction was worth $104,706.

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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