GoPro Shares Are Getting Demolished
Advertisement
REUTERS/Mike Segar
Advertisement
GoPro shares were down more than 14% in morning trade, breaking a streak of four straight days of gains.
At one point during yesterday's session, GoPro shares traded above $48, more than double their IPO price of $24.
Complimentary Tech Event
Transform talent with learning that works
Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More
On Monday and Friday, the stock gained more than 10%, and on Thursday closed above $31 in its first day of trading.
GoPro's debut comes amid a huge year for IPOs, and the wearable camera company has been one of the biggest market stories over the last few days.
Advertisement
Here's a chart of GoPro shares as of 10:10 am EST.
Google Finance
Advertisement
- I spent 2 weeks in India. A highlight was visiting a small mountain town so beautiful it didn't seem real.
- I quit McKinsey after 1.5 years. I was making over $200k but my mental health was shattered.
- Some Tesla factory workers realized they were laid off when security scanned their badges and sent them back on shuttles, sources say
- Stock markets stage strong rebound after 4 days of slump; Sensex rallies 599 pts
- Sustainable Transportation Alternatives
- 10 Foods you should avoid eating when in stress
- 8 Lesser-known places to visit near Nainital
- World Liver Day 2024: 10 Foods that are necessary for a healthy liver