GoPro Erases Gains Since IPO Breakout On 12% Drop

By | January 13, 2015

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GoPro (GPRO) has erased all of its gains since its IPO base breakout in late August, which was two months after the action camera company went public. Shares sank 12% on the news that Apple (AAPL) has been granted patents relating to a mountable sports camera that can be controlled with a smart watch. The sell-off marks GoPro’s largest single-day drop ever. Meanwhile, GoPro chip supplier Ambarella (AMBA) fell 2.6%. IBD TV’s Alissa Williams Scalper1 News

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