GoPro (GPRO) : Traders are bullish on GoPro (GPRO) as it has outperformed the S&P 500 by a wide margin of 35.94% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.77%, 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 5.73% in the last 1 week, and is up 36.46% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
GoPro, Inc. is up 65.25% in the last 3-month period. Year-to-Date the stock performance stands at -16.05%. The stock has recorded a 20-day Moving Average of 12.04% and the 50-Day Moving Average is 26.18%.
GoPro (NASDAQ:GPRO): The stock was completely flat for the day, closing at $15.12 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $15.01, the stock touched an intraday high of $15.21 and a low of $14.60. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $15.12. The total trading volume on Friday was 6,261,020.
Also, Longbow Research initiates coverage on GoPro (NASDAQ:GPRO). According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on June 14, 2016.
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.