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News Breaks
July 13, 2014
17:44 EDTGPROGoPro could be vulnerable to smartphones, Barron's says
Smartphones have disrupted the camera market and once wearable mounts for smartphones are perfected, GoPro's cameras could lose their competitive advantage in the wearable camera market, Barron's argues in its "Technology Trader" column. Reference Link
News For GPRO From The Last 14 Days
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November 25, 2014
11:28 EDTGPROStocks with call strike movement; GPRO USO
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05:50 EDTGPROStocks with implied volatility movement; GPRO UTX
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November 24, 2014
13:53 EDTGPROCCS Insight predicts Google will buy GoPro in 2015, Wareable reports
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11:23 EDTGPROStocks with call strike movement; GPRO TWTR
GoPro (GPRO) April 85 call option implied volatility decreased 10% to 54, Twitter (TWTR) March 44 call option implied volatility increased 2% to 51 according to IVolatility.
November 20, 2014
16:24 EDTGPROOn The Fly: Closing Wrap
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11:03 EDTGPROGoPro falls, levels to watch
Shares are down 5.8% to $74.40 following the pricing of its secondary offering at $75. At current price support is at the low of the session at $72.55. Resistance is at the session high at $75.10.
10:03 EDTGPROGoPro weekly volatility elevated after files to sell $800M shares
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09:21 EDTGPROOn The Fly: Pre-market Movers
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November 19, 2014
20:06 EDTGPROGoPro 10.36M share Secondary priced at $75.00
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November 18, 2014
11:28 EDTGPROGoPro rises after company, shareholders file to sell 10.36M shares
Shares of GoPro (GRPO) are rising in early trade after the company filed to sell 10.36M shares of its stock on behalf of the company and its stockholders. WHAT'S NEW: GoPro announced in a prospectus that it is selling about 1.29M shares of class A common stock and that selling stockholders are selling 9.073M shares of class A common stock. The holders of the company's outstanding class B common stock will hold approximately 96.1% of the voting power following this offering, with its executive officers and directors and their affiliates holding approximately 65% and CEO Nicholas Woodman holding approximately 42.5% after his sale of about 4.08M shares of class A common stock in this offering, the company explained. GoPro estimated that it will receive net proceeds of $97.1M from the sale of class A shares, assuming a public offering price of $79.15 per share. The company said it expects to use the net proceeds of this offering for general corporate purposes including working capital, adding that it may also use a portion of the net proceeds to acquire or invest in complementary businesses, technologies or assets. "However, we have no present commitments or agreements to enter into any acquisitions or make any investments," GoPro noted. WHAT'S NOTABLE: On November 10, GoPro shares slipped after its CEO acknowledged he planned to sell some of his stake as part of this stock offering. In a regulatory filing at that time, the company shared an email message sent by Woodman to employees, in which he assured that he plans to be a "significant shareholder in GoPro for a long time." Additionally, on its earnings conference call this morning, Dick's Sporting Goods (DKS) management said it continues to be "extremely enthusiastic" about the electronics category, particularly wearables, GoPro cameras, and the Fitbit activity tracker. ANALYST OPINION: In a note to investors this morning, Pacific Crest said channel checks for high end GoPros are looking better than expected. The firm said it sees upside to the upcoming quarter for Ambarella (AMBA), which provides components used by GoPro in its cameras. Pacific Crest increased its price target on Ambarella shares to $55 from $47 and maintains its Outperform rating on the stock. PRICE ACTION: In morning trading, shares of GoPro rose 4.2% to $84.92, while Ambarella (AMBA) gained 5.8% to $51.60.
November 17, 2014
16:58 EDTGPROGoPro files to sell 9.07M shares of common stock for holders
16:58 EDTGPROGoPro files to sell 1.29M shares of common stock
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November 13, 2014
09:47 EDTGPROTexas legislator wants police to wear body cameras, KDFW says
A Texas state senator has proposed a bill that would have every patrol officer in the state wearing body cameras, according to Dallas local Fox affiliate KDFW. Companies that make body cameras for police include Taser (TASR), Digital Ally (DGLY), and GoPro (GRO). Reference Link

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