GoPro red hot after Q3 earnings and holiday guidance

By | November 3, 2014

Scalper1 News

Action-camera maker GoPro (GPRO) continued to excite investors Monday, rising for the second straight trading day since the company reported much-better-than-expected Q3 results and forecast a strong holiday shopping season. GoPro (GPRO) jumped 9.4% to 84.32 on the stock market today. On Friday, GoPro soared 13% to 77.10. The San Mateo, Calif.-based company reported third-quarter earnings after the market close Thursday. Ambarella (AMBA), maker of the video processor used by GoPro cameras, hit an all-time high of 47.91 in intraday trading on Monday. Ambarella ended the regular trading session up 7.4% to 47.56. As GoPro approaches its all-time high of 98.47, reached on Oct. 7, Wall Street bulls and bears are growing more vocal about whether the stock has room to run or is set to fall. Scalper1 News

Scalper1 News