The stock market today is moving on news from some major earnings reports from GRPN, LNKD, GPRO, SBUX, CVX, and XOM.
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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.
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.
Stock market news, October 16, 2014: Stock market futures were back in the red this morning (Thursday) as European markets slipped on growth concerns. Additionally, investors are growing nervous about the Federal Reserve's plans to wind down the last of its stimulus efforts. Dow futures fell more than 150 points, suggesting the markets are poised to fall back below the 16,000 mark this morning.
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.
GoPro Inc. (Nasdaq: GPRO) launched its successful IPO on June 26. And it's up nearly 24% since then.
As an individual investor, you probably couldn't participate in the GoPro initial public offering... or any IPO. However, the best investments usually aren't the big-name companies whose products line store shelves - but the "pick and shovel" plays...
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.
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.
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.
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.
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.
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...
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.
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.
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.