GoPro debuts on stock market, shares pop 30 percent in early trading

Shawn Knight

Posts: 12,822   +124
Staff member
GoPro went public on the NASDAQ stock exchange this morning after pricing shares at the top of their intended price range at $24. The action camera maker enjoyed an early pop as shares topped out just shy of $32 around...

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"That’s likely related to the fact that GoPro hasn’t released a new product since October 2012 but as evident by the stock performance thus far today, shareholders aren’t too worried about it."

Intraday moves do not reflect investor sentiment, contrary to what the media would have the lay public believe. IPO trading is almost 100% speculation.