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GoPro (GPRO) Jumps: Stock Rises 7.2%

Zacks

GoPro, Inc. GPRO was a big mover last session, as the company saw its shares rise more than 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down 7.3% in the past one-month time frame.

The upside was driven by reports of a potential buyout of the company by Xiaomi.

The company has seen no estimate revisions over the past few weeks and the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

GoPro currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.


A better-ranked stock in the Audio Video Production industry is Sony Corporation SNE, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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