GoPro Inc. (Nasdaq: GPRO) stock went public just last week, and it's soared 108% from its initial offer price after touching a high of $49.90 today (Tuesday).
That has retail investors wondering how they should play the fast-moving tech stock as it posts huge gains every day.
Money Morning's Defense and Tech Specialist Michael Robinson joined FOX Business' "Varney & Co." today and discussed how he would play GPRO stock now and what investors should expect moving forward...
Stock market close, June 27, 2014: The Dow Jones Industrial Average today (Friday) was flat despite a rise in consumer sentiment. Next week, look for a heavy slate of economic reports, including the June unemployment report, factory orders, and the ISM manufacturing composite index.
Here’s the scorecard from Friday’s trading session, plus top news on GPRO, DG, GM, CZR, and more...
GoPro Inc. (Nasdaq: GPRO) tops Friday's hot stocks to watch list. Shares of the wearable camcorder maker soared another 20% intraday on the heels of its highly anticipated IPO on Thursday.
Also jumping today on earnings, analysts upgrades, and company news are a couple of athletic retailers, a home builder, an online travel outfit, and more...
Get the full list, including GPRO, YHOO, and NKE, right here…
Stock market news, June 26, 2014: The Dow Jones Industrial Average and other U.S. markets dipped Thursday on news of weaker consumer spending. Additionally contributing was a rise in a critical inflation gauge in the domestic economy.
Here’s the scorecard from today’s trading session, plus today’s top market news:
GoPro Inc. (Nasdaq: GPRO) stock soared nearly 38% from its offer price today (Thursday) when it reached a high of $33 shortly after it began trading.
GoPro priced its shares at $24 each last night, which was at the high end of the $21 to $24 proposed range. On Thursday morning the stock opened at $28.65, 19% higher than the offer price.
Stock market news today, June 26, 2014: U.S. markets today (Thursday) opened after finishing in the green across the board in the last trading session - despite GDP figures that revealed the worst non-recession performance in four decades.
Here are the top stock market news stories today:
The GoPro IPO officially takes place tomorrow (Thursday), and the action-camera company is expected to set a final price for its shares sometime this evening.
The company plans to raise up to $427.2 million by offering 17.8 million shares at a range of $21 to $24 per share.
This week is extremely busy on the IPO calendar as 19 companies hold initial public offerings. While there will be 19 new investment opportunities, the GoPro IPO is this week's must-watch IPO.
Through the IPO, GoPro plans to raise $401 million by offering 17.8 million shares at a $21 to $24 range. The company is expected to have a valuation near $3.4 billion after reporting $966 million in revenue last year.
Action-camera company GoPro Inc. (Nasdaq: GPRO) released more information about its upcoming IPO on Wednesday, stating the company plans to raise up to $427.2 million in the deal. That would give GoPro a valuation of approximately $3 billion.
In today's regulatory filing, the company said that an IPO price range of $21 to $24 per share has been set.
But given some of the figures backing the GoPro IPO, that price might be a steal...
