Scalper1 News
Action camera maker GoPro (GPRO) surged to its third record high in as many trading days on Wednesday, as investors jumped on board before an expected big holiday season for the hot-shot gadget company. The San Mateo, Calif.-based company made its IPO on June 26 at 24 a share. On Wednesday, it closed at 56.79, up 5.3%. Earlier, it touched an all-time high for the third straight trading day, at 57.45. “We believe GoPro has established itself as one of the most valuable brands in consumer technology and has significant headroom to grow as it expands overseas,” Dougherty analyst Charlie Anderson said in a research note on Aug. 25. Anderson, however, rates GoPro (GPRO) stock as neutral because of its rich valuation after a post-IPO surge. Anderson was impressed with a test display for GoPro devices he saw at a Best Buy (BBY) store in San Francisco. GoPro’s holiday 2014 point-of-purchase… is a 4-foot-wide… Scalper1 News
Scalper1 News