NEW YORK (TheStreet) -- Shares of GoPro continue to rise today by 4.06% to $64.04 following the end of a 180-day post-IPO lockup period that ended yesterday. After roughly 15 million new shares became eligible for sale on Tuesday, a total 13.41 million shares changed hands by the market close, higher than the 30-day average trading volume of 7.51 million shares. Since Monday, the stock has gained more than 18%. Founder Nick Woodman's father, Dean Woodman, owns about 7.4 million shares valued at roughly $414 million from an initial investment of $200,000. Exclusive Report: Jim Cramer's Best Stocks for 2015 STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. Separately, analysts at Wedbush expect GoPro to exceed the high-end of its $550 million to $580 million revenue guidance for the fourth quarter. The firm maintained its "outperform" rating with a $98 price target. GPRO data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
Click to view a price quote on GPRO. Click to research the Diversified Services industry.
from Latest TSC Headlines http://ift.tt/1tcM1Zz
No comments:
Post a Comment