The stock fell as much as 33 percent Monday to $5.04 (Rs. 320), its biggest ever drop and its lowest price since going public in 2014. The stock presently has an average rating of "Hold" and an average target price of $8.74.
GoPro (NASDAQ:GPRO) traded up 2.27% during midday trading on Tuesday, hitting $10.81. GoPro has a one year low of $5.04 and a one year high of $11.89. The company has a market cap of $883.05, a price-to-earnings ratio of -3.52, a price-to-earnings-growth ratio of 8.36 and a beta of 0.53. At the same time as, it has debt to equity ratio of 0.38 and similar long term debt to equity ratio was 0.38. However the company's price to cash per share for most recent quarter stands at 1.34. Swiss National Bank raised its stake in GoPro by 14.5% during the 2nd quarter. Amalgamated Bank now owns 14,564 shares of the company's stock valued at $118,000 after acquiring an additional 1,858 shares in the last quarter. Wells Fargo & Company MN raised its stake in GoPro by 266.1% during the 2nd quarter. Wells Fargo & Company MN now owns 292,349 shares of the company's stock worth $2,376,000 after purchasing an additional 212,486 shares in the last quarter. Last month, GoPro announced the price cut of its Hero 5 Black and Hero 5 Session action cameras in India. Susquehanna Int Grp Inc Limited Liability Partnership owns 485,751 shares. Capital Fund Management S.A. grew its position in shares of GoPro by 338.7% during the 2nd quarter.
In other GoPro news, CEO Nicholas Woodman sold 515,000 shares of the firm's stock in a transaction dated Friday, November 3rd. This company shares are -27.09% up from its target price of $32.6 and the current market capitalization stands at $4.84B. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
3 suspected Bangla militants shot dead in raid
Bomb disposal units of the law enforcers are working to deactivate the explosives kept at the den, our staff correspondent said. Members of Rapid Action Battalion (RAB) are now conducting a raid at a suspected militant hideout at Nakhalpara in the capital.
In related news, Director Anthony John Bates sold 17,023 shares of the company's stock in a transaction on Wednesday, December 6th. Among active positions in the latest quarter, 92 holders increased their positions by a total of 9.95 million shares, 66 holders decreased the positions by a total of 7.13 million shares, and 46 holders held their positions. Following the completion of the sale, the director now owns 99,459 shares of the company's stock, valued at approximately $793,682.82. The disclosure for this sale can be found here. That value represents a market adjusting for revenues that have been growing by 37.09 % on a quarterly year/year basis as of the company's last quarterly report. Hedge funds and other institutional investors own 26.07% of the company's stock.
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Recent insider trends for GoPro, Inc. Its primary product offerings include: HERO5/HERO6, a line of cloud-connected cameras; GoPro Plus, a cloud-based storage solution that enables subscribers to access, edit and share content; Quik, a desktop app that provides expanded editing options for power users; Capture, a mobile app that allows users to preview and play back shots, control their GoPro cameras, and share content on the move using their smartphones; Karma, a compact, foldable drone and versatile stabilization solution; and Karma Grip, a handheld and body-mountable camera stabilizer to capture zero-shake and smooth video.
Winter weather advisory issued for region
A Winter Storm Watch means there is potential for significant snow, sleet or ice accumulations that may impact travel. Stronger surface winds are likely producing widespread blowing and drifting along with wind chills as cold as -20°.
BidaskClub Upgrades MiMedx Group (NASDAQ:MDXG) to "Hold"
Stock repurchase programs are often an indication that the company's management believes its shares are undervalued. Wellington Management Group Llp increased Mimedx Group Inc (MDXG ) stake by 2.07% reported in 2017Q3 SEC filing.
Dog flu outbreak in South Bay concerns vets in Monterey
But, as it turns out, influenza won't be bad just for humans; it will be bad for our canine companions, as well. And if your dog does come down with the flu? For most dogs, the infection is rather mild, but it can be lethal.
Halep faces local teen wildcard at Australian Open
Simona Halep could not have asked for a better start to the year having scooped the title in Shenzhen at the start of the season. Venus Williams lost last year's final to her pregnant younger sister and has been drawn against Belinda Bencic in round one.
Nadal, Federer seeded 1st and 2nd for Australian Open
Djokovic, a surprise second-round loser here past year , is hoping he can get fit enough to change that in 2018. World number one Rafael Nadal believes he is ready and in decent form ahead of the Australian Open .