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Stock Market & Financial Investment News

News Breaks
July 1, 2014
17:39 EDTGPROO'Leary says GoPro looks like eventual short play, Barron's reports
Shark Tank's Kevin OíLeary says that GoPro looks like It could be a possible short play, reports Barron's in its "Tech Trader Daily" column. Reference Link
News For GPRO From The Last 14 Days
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February 26, 2015
15:43 EDTGPROGoPro could be challenged in China by Xiaomi plans, says Oppenheimer
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12:12 EDTGPROFacebook climbs after analyst says Oculus could be used for NBA, NHL games
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February 25, 2015
11:59 EDTGPROStocks with call strike movement; GPRO RIG
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February 24, 2015
11:36 EDTGPROStocks with call strike movement; GPRO PBR
GoPro (GPRO) July 50 call option implied volatility decreased 3% to 51, Petrobras (PBR) July 8 call option implied volatility decreased 1% to 66 according to IVolatility.
February 20, 2015
10:03 EDTGPROGoPro February calls active
GoPro February 45, 45.5 and February weekly 47 calls are active in total call volume of 5K contracts (1K puts) amid renewed takeover speculation. February weekly call option implied volatility is at 71, March is at 57, April is at 54; compared to its 26-week average of 56 according to Track Data. Active call volume suggests traders taking positions for large near term price movement.
09:48 EDTGPRORumor: GoPro moves higher amid renewed takeover speculation
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February 18, 2015
03:20 EDTGPROOn The Fly: Analyst Initiation Summary
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February 17, 2015
12:17 EDTGPROGoPro rises as lock-up expires
Shares of action camera maker GoPro (GPRO) are climbing as about 76M shares of the company's stock become available for sale today. WHAT'S NEW: About 76M shares of GoPro's stock became available for sale today as a lock-up related to a recent secondary offering of the company's stock expired. Lock-up agreements, a typical feature of company stock offerings, prevent certain shareholders from selling for a set amount of time after the offering. GoPro CEO Nicholas Woodman said in a regulatory filing that the company had carried out the secondary offering partly as a means of facilitating a more gradual, orderly sale of shares when the company's IPO lock-up ended last December 22. A number of larger shareholders agreed to hold onto their shares for another 90 days in order to further that goal, Woodman explained. WHAT'S NOTABLE: In a note to investors today, research firm Northland Securities initiated coverage of GoPro with an Outperform rating, saying that the company's new HERO4 camera is "demonstrating strong...momentum." Sales of the product are causing the company's gross margins and average selling price to rise, added the firm. GoPro is also poised to benefit significantly from the proliferation of its images on digital media, and from the deployment of its cameras in additional venues such as helmets and drones, according to Northland. The firm set a $70 price target on the shares. PRICE ACTION: In early afternoon trading, GoPro climbed $4.04, or 8.8%, to $49.24.
12:15 EDTGPROGoPro rallies sharply, levels to watch
The shares were initiated at Outperform at Northland with a $70 price target. This is also another lock-up expiration day, which are often volatile trading days but not necessarily consistent indicators of future performance. At the current price of $48.93, next resistance is at $50.29. Support is at $48.40.
10:00 EDTGPROOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Box, Inc. (BOX) initiated with a Hold at Canaccord... Euronav NV (EURN) initiated with an Overweight at Morgan Stanley... GoPro (GPRO) initiated with an Outperform at Northland... M/A-COM (MTSI) initiated with a Neutral at BofA/Merrill... Macy's (M) initiated with an Underweight at Barclays... NetSuite (N) initiated with an Underperform at Exane BNP Paribas... Omega Healthcare (OHI) initiated with a Neutral at BofA/Merrill... Pandora (P) initiated with a Neutral at Macquarie... Pattern Energy (PEGI) coverage resumed with an Outperform at BMO Capital... Regeneron (REGN) initiated with an Outperform at Bernstein... Trovagene (TROV) initiated with an Overweight at Piper Jaffray... Vista Outdoor (VSTO) initiated with a Market Perform at Cowen.
07:22 EDTGPROMitsubishi UFJ to hold a tour
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07:03 EDTGPROGoPro initiated with an Outperform at Northland
Target $70.
February 15, 2015
16:45 EDTGPROFAA proposes new rules for commercial operation of drones in U.S
The Department of Transportationís Federal Aviation Administration proposed a framework of regulations that would allow routine use of certain small unmanned aircraft systems, UAS, in todayís aviation system, while maintaining flexibility to accommodate future technological innovations. The FAA proposal offers safety rules for small UAS, under 55 pounds, conducting non-recreational operations. The rule would limit flights to daylight and visual-line-of-sight operations. It also addresses height restrictions, operator certification, optional use of a visual observer, aircraft registration and marking, and operational limits. Publicly traded companies in the space include General Dynamics (GD), Lockheed Martin (LMT), Northrop Grumman (NOC), AeroVironment (AVAV), SAIC (SAIC), Textron (TXT), Amazon.com (AMZN) and GoPro (GPRO). Reference Link
February 13, 2015
14:48 EDTGPROLarge amount of GoPro shares available for sale on Tuesday
Action camera maker GoPro (GPRO) may see additional trading volatility this Tuesday when a lock-up expires on a large number of shares of its stock. Lock-up agreements, a typical feature of company stock offerings, prevent certain shareholders from selling for a set amount of time after the offering. WHAT'S COMING: Around 76M shares of GoPro stock will become available for sale Tuesday, February 17, as a lock-up related to a recent secondary offering of the company's stock expires. BACKGROUND: Initially, many shares of GoPro were going to be eligible for sale on Tuesday, December 23, as a lock-up tied to its initial public offering was set to expire. However, on November 10 of last year, GoPro filed to sell shares in a secondary offering of stock and its CEO acknowledged he planned to sell some of his stake as part of that offering. The company disclosed in a regulatory filing that GoPro CEO Nicholas Woodman sent an email message to company employees related to the offering, in which he wrote that such a "follow-on and secondary" offering is a "relatively common occurrence following an IPO" that allows a company to raise additional capital while providing early investors and employees with vested options the opportunity to realize a financial return. Woodman also said the offering was meant to facilitate a "more orderly and gradual sale of shares than what might otherwise occur when the IPO lock-up ends on December 22," noting that larger shareholders that participated in that secondary offering were signing a new 90-day lock-up agreement to help further that goal. Woodman acknowledged he planned to sell a portion of his holdings in GoPro, but said "no one should misunderstand my commitment to the company or our vision" and that he plans to be a "significant shareholder in GoPro for a long time." WHAT'S NOTABLE: On February 6, the day after GoPro's Q4 earnings report, analysts at Citigroup lowered their price target on the stock to $48 from $59. Citi attributed the company's expected decrease in Q1 margins to the low-end HERO gaining traction. Citigroup had previously cut its price target for GoPro shares to $59 from $94 ahead of the camera maker's Q4 report. The firm has said it expects shares to see "seesaw volatility" over the next few months given the February 17 lock-up expiration and deceleration in revenue growth in the first half of 2015. PRICE ACTION: In afternoon trading ahead of the long weekend, GoPro shares slid about 2% to $44.35. Over the last three months the stock has declined about 42%.

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