Shares of GoPro (GPRO) Sees Large Outflow of Money

GoPro (GPRO) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (6.04 million) in GoPro (GPRO). On Monday, The value of composite uptick trades was $60.81 million, whereas, the value of composite downtick trades was $66.85 million and the ratio between the two was 0.91, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $11.22 million. $4.03 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.36. The negative money flow of ($7.19 million) shows selling on strength. GoPro (GPRO) gained $1.35 intraday at $15.65 and registrered 9.43% for the week.


Shares of GoPro, Inc. rose by 9.24% in the last five trading days and 31.18% for the last 4 weeks. GoPro, Inc. is up 74.8% in the last 3-month period. Year-to-Date the stock performance stands at -13.33%.

GoPro (NASDAQ:GPRO): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.30 and $14.30 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $16.25. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.61, notching a gain of 9.16% for the day. The total traded volume was 17,270,620 . The stock had closed at $14.30 on the previous day.

In a related news,The director officer (President) of Gopro, Inc., Bates Anthony John sold 9,704 shares at $10.79 on June 6, 2016. The Insider selling transaction had a total value worth of $104,706. The Insider information was disclosed with 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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