The GoPro stock price was down another 2% in early trading this morning (Friday).
GoPro Inc. (Nasdaq: GPRO) stock has now dropped 16.7% from Wednesday's closing price after the company missed on top and bottom line estimates for Q3 earnings.
By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM -
The GoPro stock price was down another 2% in early trading this morning (Friday).
GoPro Inc. (Nasdaq: GPRO) stock has now dropped 16.7% from Wednesday's closing price after the company missed on top and bottom line estimates for Q3 earnings.
By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM -
The GoPro stock price was down another 2% in early trading this morning (Friday).
GoPro Inc. (Nasdaq: GPRO) stock has now dropped 16.7% from Wednesday's closing price after the company missed on top and bottom line estimates for Q3 earnings.
Here's just how bad GoPro earnings were...
By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM -
The GoPro Inc. (Nasdaq: GPRO) stock price was down another 8% in afternoon trading today (Monday) after a weekend edition of Barron's had a GoPro stock prediction of $25 per share.
GoPro stock is now down 48.1% since Aug. 1 and 52% in the last 12 months.
Here's why the GoPro stock price has farther to fall...
By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM -
The GoPro earnings report for Q4 2014 was released today (Thursday) and the camera company smashed estimates.
GoPro Inc. (Nasdaq: GPRO) reported earnings per share (EPS) of $0.99 on revenue of $633.9 million. Analysts had predicted EPS of $0.70 and revenue of $580 million.
While today's earnings report certainly looks bullish at first glance, GPRO stock is not a good investment according to Money Morning's experts.
By David Zeiler, Associate Editor, Money Morning • @DavidGZeiler -
GoPro stock was a disaster waiting to happen, even before an Apple Inc. (Nasdaq: AAPL) patent for a remote control camera went public yesterday (Tuesday).
That's because despite its cool technology, GoPro Inc. (Nasdaq: GPRO) faced an array of threats. Money Morning has been warning investors about this company since last summer.
By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM -
GoPro Inc. (Nasdaq: GPRO) stock jumped as much as 8% in afterhours trading today (Thursday) after the company reported earnings per share (EPS) of $0.12 for the third quarter. Analysts had been expecting EPS of $0.08.
As expected, GoPro's camera sales were strong and contributed to the earning's beat.
But as we've been saying at Money Morning since the GoPro IPO, the story with this company is not its camera sales.
There is another key figure that tells us more about this stock...
By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM -
GoPro Inc. (Nasdaq: GPRO) stock is under the microscope today (Thursday) as the company reports earnings after the bell.
Analysts are expecting earnings per share (EPS) of $0.08, on revenue of $263.5 million. Those numbers will move the stock tonight and tomorrow, but there's a much more important long-term factor to watch.
In fact, this part of the company's future plans will dictate GPRO stock's long term success...
By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM -
The GoPro stock price was down as much as 13.8% from yesterday's close this morning (Thursday), after news that the company's founders were granted permission to break the lock-up restriction on their shares.
Following an initial public offering, company insiders are contractually forbidden to sell shares for a certain period of time, known as a "lock-up period." The lock-up usually lasts between 90 and 180 days.
By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM -
Following its red-hot IPO in June, the GoPro stock price has dropped more than 20% in the month of August alone.
GoPro Inc. (Nasdaq: GPRO) priced its shares at $24 on June 24, and banked a first day gain of 30.6% the following day. GPRO stock soared 108% from its offer price in its fourth day of trading to a high of $49.90.
But according to Money Morning experts, that surge was unjustified.
In fact, a 20% drop may be just the start of problems for the GoPro stock price…
By Keith Fitz-Gerald, Chief Investment Strategist, Money Map Report -
My friends were going camping recently and their bags looked like something from a space shuttle, with cords sticking out of nearly every pocket.
"What on earth have you got in there?" I asked.
A GoPro, chargers, mounting stands, waterproof containers... I tuned out the rest, to be honest.
Just like I tuned out GoPro's IPO, and will continue to ignore the stock for the foreseeable future.
By Garrett Baldwin, Behavioral Trading Specialist, Money Morning -
Stock market trends today, August 1, 2014: U.S. markets plummeted Thursday in a broad decline. The DJIA shed 317 points in a heavy sell-off. The S&P 500 fell below its 50-day moving average, erasing all of July's gains as concerns across global markets hammered stocks. The Chicago Board Options Exchange Volatility Index (VIX) jumped more than 27% to an intraday high of 17.11, its highest level since April.
This morning (Friday), the dollar hit a 10-month high against other global currencies while stocks around the world slumped. However, the U.S. unemployment rate rose to 6.2% on news that the economy gained only 209,000 jobs - falling under economist estimates of 230,000 new jobs during July and an unemployment rate of 6.0%.
By Diane Alter, Contributing Writer, Money Morning -
The second-quarter earnings parade continues Thursday with a barrage of earnings from some key sector players.
By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM -
GoPro stock (Nasdaq: GPRO) was down as much as 7% in early trading today (Monday) falling to $36.10. At that price, GPRO stock has dipped almost 18% in its last five trading days.
Since hitting a high of $49.90 on July 1, GPRO stock has now dropped nearly 28% at today's low.
Here's why the stock is falling again today, and the key to its long-term success...
By Tara Clarke, Associate Editor, Money Morning • @TaraKateClarke -
Yesterday (Monday), Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on FOX Business' "Varney & Co."to tell investors if they should gamble on GoPro stock options (Nasdaq: GPRO), which became eligible for trading yesterday with a strike price between $35 and $50.
By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM -
GoPro Inc. (Nasdaq: GPRO) stock dipped nearly 15% today (Wednesday) from yesterday's closing price when shares fell to $41.53 shortly after 10 a.m.
This was the first pullback for GPRO stock since the company's IPO last Thursday. Through GPRO's first four days of trading, the stock had soared 103% from its initial offer price of $24. Shares jumped to $49.90 yesterday before closing at $48.80.
By Garrett Baldwin, Behavioral Trading Specialist, Money Morning -
Dow Jones Industrial Average Today, July 1, 2014: flirted within two points of 17,000 on Tuesday, as transportation, technology, and small-cap stocks surged. The Nasdaq led the day by percentage gains, jumping more than 1.2%. The exchange's gains were fueled by Netflix, Inc.'s (Nasdaq: NFLX) gain of 6.5% after it received an upgrade from Goldman Sachs' analysts.
Here’s the scorecard from today’s trading session: