Tag Archives: gpro

GoPro, Ambarella surge ahead of Thanksgiving weekend sales

GoPro shares surged higher on Tuesday as the maker of action cameras prepared for a busy holiday shopping season, which officially kicks off with sales on Thanksgiving Day and Black Friday. GoPro (GPRO) stock was up 5%, near 85.50, in afternoon trading on the stock market today. Shares hit a record high of 98.47 on Oct. 7. The company went public on June 26 at 24. GoPro stock has been hurt in recent weeks by valuation concerns and a pending secondary stock offering. On Monday, GoPro revealed details of its follow-on stock offering. GoPro founder and CEO Nicholas Woodman and other stockholders will sell 9.07 million shares, while the company plans to sell 1.29 million shares

GoPro Stock Falls Late On Enlarged Share Offering

GoPro (GPRO) retreated late Monday after the action camera maker revealed it will sell 11.9 million shares, raising $930 million, up from last week’s plan for an $800 million offering. The company will sell 1.29 million shares of class A common stock. Selling holders will divest 9.1 million shares, including 4.1 million from CEO Nicolas Woodman. That will leave him with 42.5% of class A GoPro stock. But he’s not selling any of his class B stock,

Ambarella, Not Just A GoPro Show, Seeks New Markets

Those cool action videos of surfers, snowboarders and rock climbers come courtesy of GoPro’s popular wearable cameras — and a company called Ambarella. Ambarella (AMBA) might not be a household name, but its chips process the high-definition, high-resolution video in the popular GoPro (GPRO) cameras. And the chipmaker has a lot more action in mind than relying solely on the trendy cameras. Its sights are set on a wealth of other opportunities.