Large Inflow of Money Detected in GoPro

GoPro (GPRO) : $15.02 million worth of transactions were on upticks in GoPro (GPRO), compared to $12.13 million on downticks. The ratio between the two was 1.24, whereas, the net money flow stood at a healthy $2.89 million on Wednesdays session.The block trades show a bullish bias with only $1.66 million worth of transactions done on downticks. The consistent buying on upticks in the stock accounted for $4.1million worth of trades. The up-down ratio between the uptick and downtick was 2.46, confirming that the stronger hands have been buying the stock on every weakness. The total money flow into the stock stood at $2.44 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -1%. The stock was trading at $10.9, with a drop of $0.11 over the previous days close. The stock recorded -8.4% for the week.


Also, Longbow Research initiates coverage on GoPro (NASDAQ:GPRO) The current rating of the shares is Neutral. The rating by the firm was issued on June 14, 2016.

GoPro (NASDAQ:GPRO): The stock opened at $11.09 on Wednesday but the bulls could not build on the opening and the stock topped out at $11.13 for the day. The stock traded down to $10.88 during the day, due to lack of any buying support eventually closed down at $10.90 with a loss of -1.00% for the day. The stock had closed at $11.01 on the previous day. The total traded volume was 6,044,671 shares.

The stock has recorded a 20-day Moving Average of 3.15% and the 50-Day Moving Average is 4.23%. 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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