GoPro (GPRO) : The money flow analysis of GoPro (GPRO) indicates a $11.09 million of outflow was on downticks, whereas, the investors on Friday gobbled up stocks worth $13.22 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.19 and so was the total money flow at $2.12 million. A solid up-down ratio of 1.47 in block trades indicates that the investors are accumulating the stock on weakness. The bulls lapped up $2.72 million worth of block trades on upticks. Only $1.85 million worth of the stock exchanged hands on downticks. The money flow was $0.87 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of GoPro (GPRO), pushing it down by -1.34% for the day. The stock slid $0.15 and traded at $11.08 during the day. Nonetheless, the stock is -6.89% over the previous weeks close.
GoPro (GPRO) : 11 Wall Street analysts covering GoPro (GPRO) believe that the average level the stock could reach for the short term is $12.68. The maximum price target given is $21 and the minimum target for short term is around $7, hence the standard deviation is calculated at $4.22.
GoPro (NASDAQ:GPRO): On Fridays trading session , Opening price of the stock was $11.32 with an intraday high of $11.52. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $11.06. However, the stock managed to close at $11.08, a loss of 1.34% for the day. On the previous day, the stock had closed at $11.23. The total traded volume of the day was 4,989,930 shares.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (President) of Gopro, Inc., Bates Anthony John had sold 9,704 shares worth of $104,706 in a transaction dated June 6, 2016. In this transaction, 9,704 shares were sold at $10.79 per share.
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.